Depreciation of Rupiah just for temporary
— yulyanto
closeAuthor: yulyanto
Name: Yulyanto
Site: http://www.yulyanto.com
About: I was born on July, 16th of 1979, after graduate from Senior High School on 1996, I was continued my study at University of Persada Indonesia YAI (Jakarta) on 2002, majoring in Bachelor of Accounting and then continue my study in the same institution, success to get Master of Management especially Finance Management on 2005. After finish my first Master degree in Management, I’ve got the second Master of Law at University of Indonesia (Jakarta), especially in Economics Law on 2007 by Office’s Scholarship.
I have been working at PT Sanwell Austindo-Jakarta (www.austindocorporation.com), my last position as a Finance Manager, and then start on May 2007 I have been moving as a Marketing Manager, but until now I am still responsible as an Internal Control Manager at PT Austindo Perdana- Bali (Austindo Groups).
In my spare time, usually I am always reading and writing something. Until now, I have been contributed my opinion by some media, like’s science journal, articles, blogs and also in my personal website too (www.yulyanto.com).
Someday, I hope that my written will be useful for anything all in the world ………..............................…See Authors Posts (234) • July 28th, 2007
Miranda S. Goeltom, Deputy Senior of Central Bank said that until this time we still using the “Floating Exchange Rate” for our currency system, it is mean that we can not avoid the fluctuatif rate in rupiah currently.
On this Friday, 27/07/07 rupiah has depreciate from USD till Rp. 9.205,-/ 9.210 per US dollar, while on Thursday, 26/07/07 rupiah has still on Rp. 9.108.-/ 9.176 per US dollar. If we compare from last day, rupiah has decrease till 97 poin (www.antara.co.id).
Appreciating of US dollar has not only on rupiah, but it is same as like a yen-Japan currency and another currency too. Buying action of US dollar by foreign investor has been followed by local investor and become to increasing the demand of US dollar. Finally, US dollar become to a stronger again.
We have no problem with our economic condition entirely, depreciation of rupiah cause by external condition. The Central Bank still confidence that our depreciation of rupiah just for temporary. BI has continue to maintan the volatility of rupiah for our economic condition entirely.
Topic: Business, Finance, News
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