Interbank Spot Dollar Rate (JISDOR) showed the rupiah weakened to Rp 13,965 per US dollar (USD),

in economic-crisis •  6 years ago 

That means the rupiah weakened 0.20 percent compared to the exchange rate on Wednesday (2/5) at position Rp13.936 per USD.



Even so, the Governor of Bank Indonesia (BI) Agus Martowardojo asked the public not to worry.

"BI is always in the market if there is pressure," said Agus in the BI building.

Agus added, it will also continue to observe the meeting of the Federal Open Market Committee (FOMC).

According to him, the outcome of the FOMC meeting was discussed in a board meeting of governors (RDG) which took place on 16 "May 17.

The former Finance Minister also indicated that BI is likely to raise its benchmark interest rate in the RDG later.

He revealed that the era of low interest has passed. Therefore, developed countries normalize the monetary system.

One of them is the US who plans to raise interest rates 3 "4 times this year.

"Everyone has understood the future of the era of inexpensive flowers that lie behind, so that there is an age of interest that will increase.In fact, we hear maybe this year America can rise more than three times, even four times, and followed other developed countries, "said Agus as reported by JPNN.

Meanwhile, Finance Director of PT United Tractors Tbk Iwan Hadiantoro expects exchange rate movement can be more stable.

"Do not be too shaky, lah," said Iwan.

According to him, as much as 20 percent of United Tractors' heavy equipment imported from Japan and Thailand.

Therefore, exchange rate stability is required for the business to run properly.

If the rupiah continues to weaken, it will affect consumers.

"We will slowly adjust the selling price (adjust the selling price, Red) to the customer,"

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!