Capital outflow from foreign investor has been increasing continuously
— yulyanto • August 11th, 2007
Currently, capital outflow from foreign investor or more popular with “Hot Money” has been increasing continuously. They are begun to rush theirs money and moving theirs invest from financial market in Indonesia and go to the financial market in overseas.
According to Bank Indonesia’s data base for last May 2007, hot money had placed in Certified of Bank Indonesia are still Rp. 52.9 trillion, but on June till August has been decreasing and become to Rp. 24,63 trillion. It is very fantastic condition, because in the less than two month capital outflow has gone to the amount Rp. 28,27 trillion (www.bi.go.id).
Other condition are capital outflow from foreign investor from Government’s Obligation has been decreasing too, but not to significantly. In the end of May 2007, foreign investor ownership was Rp.83,4 trillion and on August has change become to Rp. 79,17 trillion.
Until this time, capital outflow from foreign investor still continues and makes our currency (IDR) was decreasing. But, these conditions maybe for temporary only, our economic condition currently are still good enough. It is cause of decreasing the global market condition, especially property crisis in United States of America.
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