:::::::::: 글로벌번역통역센터 ::::::::::
 
 



 
 
> 고객지원센터 > News & Notice
ADMIN 2018. 10. 21.  
LIST  MODIFY  DELETE  WRITE  REPLY 
   제목: Indonesia's Weak Currency a Source of Strength, World Bank Says


Indonesia's Weak Currency a Source of Strength, World Bank Says

By Karl Lester M Yap

October 4, 2018

Indonesia’s central bank expects the selling pressure on the rupiah to ease next year. Kathleen Hays reports.

“With a flexible exchange rate now, moderate devaluation makes imports more expensive, exports cheaper, and the dollar value of profit transfers lower,” Rodrigo Chaves, the bank’s country director for Indonesia and Timor-Leste, said in a statement on Wednesday. “These elements reduce the current-account deficit automatically.”


Indonesia is among the hardest hit in Asia by an emerging-market rout. The rupiah weakened past 15,000 to a dollar this week for the first time since the Asian financial crisis. The government is stepping up measures including import curbs to restrain the current-account deficit.



The rupiah swung wildly during the Asian crisis, going from a regulated rate below 3,000 versus the dollar to almost 17,000 when a flexible exchange rate was implemented.


Chaves lauded the government’s policy responses this year as “quick, decisive, and coordinated.” The central bank has raised interest rates despite inflation being within the target and has not defended a level for the rupiah, he said.

“While there are risks coming from overseas, let me be clear: Indonesia has strong fundamentals and an adequate policy response function,” Chaves said. “The fact is clear that 2018 is not 1997 or 2013, for that matter. Indonesia is in a much stronger position today than in the past.”


Chaves urged the government to boost exports and foreign direct investment and to reduce its fuel subsidies.

Selected articles from Bloomberg
LIST  MODIFY  DELETE  WRITE  REPLY 





전체글 목록 2018. 10. 21.  전체글: 701  방문수: 2161354
 공지  정규직,계약직,프리랜서직 모집 
701   Tencent Faces New Rivals Just as It Starts to Get Anti-Social
700   Paul Allen, Billionaire Who Co-Founded Microsoft, Dies at 65
699   World’s Largest Car Market Faces Historic Drop
698   Nordhaus, Romer Win 2018 Nobel Prize in Economic Sciences
697   Hong Kong's Economy Gets Stuck Between U.S.-China Trade War
696   Indonesia's Weak Currency a Source of Strength, World Bank Says
695   Jack Ma Cedes Alibaba Licenses. Investors Won’t Get Control
694   After Settling With SEC, Musk Tries to Answer Other Question
693   Hacker to Live-Stream Attack on Zuckerberg뭩 Facebook Page
692   iPhone XS Buyers Undeterred by Eye-Watering Prices, Few Upgrades
691   Stocks Advance as Treasuries Steady; Dollar Slips: Markets Wrap
690   Trump Praises North Korea's Kim for Progress in Nuclear Talks
689   Meet the Billionaire Dreamer Taking Musk's Rocket to the Moon
688   JPMorgan Predicts the Next Financial Crisis Will Strike in 2020
687   Trump Tariffs Spark Industry Campaign to De-Escalate Trade War
686   How Jack Ma Became the Role Model for China's Startup Generation
685    Musk Uses Flame Thrower and Smokes Weed on Comedy Show
684   Nike Decides a Colin Kaepernick Deal Is Worth the Backlash
683   August Turns Ugly for Emerging Markets as Currency Crises Spread
682   Professional gamers, dream job for many amid esports boom 
681   Warren Buffett Agrees on Backing India's Paytm 
680   A Populist Wave Ousts Australia's Turnbull 
679   Chinese Phone Giant Xiaomi Delivers Growth in First Results
678   Businesses beg for tariff relief as trade war with China rolls on
677   the Airbus 380 the future of air travel or a relic of the past?
676   Amazon is reportedly thinking about buying the Whole Foods of movie theaters. Is that a good idea? 
675   Musk Says He's Tapped Goldman, Silver Lake on Tesla Bid Plan
674   Lira Extends Slide as Erdogan Says Turkey in an Economic War
673   Turkish Lira Tumbles as Investors Panic Before Erdogan Address 
672   Musk Mystery Enters Day 3 as Pressure to Show the Money Mounts 
RELOAD VIEW DEL WRITE
1 [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] 24