Swap Transactions will Support our Trade Financing
— 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 (285) • July 9th, 2009
To reduce the volatility of our currency (IDR), Sri Mulyani Indrawati (Finance Minister), agree to swap the currencies transaction between Indonesia and Japan amounting to US$ 15 billion (1.5 trillion yen).
The swap is on top of the similar bilateral agreement worth US$ 12 billion and the Chiang Mai Initiative Multilateralization (CMIM) worth US$11.9 billion.
Indonesia also was signed a similar agreement to swap the currencies with China in March, 2009 amounting to US$ 15 billion.
These transactions hopely will helping to reduce exposure of the Rupiah currency againts the US Dollar currency and for entirely will support the trade financing to Indonesia.
Topic: Bank, Business, Government, News
To reduce the volatility of our currency (IDR), Sri Mulyani Indrawati (Finance Minister), agree to swap the currencies transaction between Indonesia and Japan amounting to US$ 15 billion (1.5 trillion yen).
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