BI Acknowledge Foreign Funds Flow magnitude
Forex June 25th, 2010
JAKARTA – Bank Indonesia (BI) admitted if the flow of foreign funds into the money market is very large, thus affecting the strengthening of the rupiah to the last few days.
A large flow of funds, not just go to Indonesia alone, but also to several other major countries.
“Yes indeed the flow of funds from outside is great, though not to us alone. It practically went into all developing countries, higher policy rates,” said Acting Governor of Bank Indonesia Nasution Nasution, when found journalists, in the House Bank Indonesia, Jakarta, Friday (15/1/2010).
Just to remind, the rupiah had strengthened thin and stay on the level Rp9.100 per USD at the close of trading yesterday afternoon.
Based on data from Bank Indonesia (BI), the exchange rate was at the close of trading Thursday afternoon, the rupiah was at the level Rp9.150 per USD. That is down compared to yesterday’s closing level of trade Rp9.180 per USD.
Noted, for the sale of rupiah exchange rate at the level Rp9.196 per USD while for the exchange rate is in a position to buy Rp9.104 per USD.
