Bank Indonesia Wajibkan 30 Bank Devisa Lapor Kuotasi Valas - Bank Indonesia (BI) requires banks to make foreign exchange quotations of foreign exchange (forex) every day. This is the aftermath of rupiah transactions through on delivery forward (NDF) in Singapore.
"BI has been discussing with the banks to make the quotation per day to be their own use," said BI Deputy Governor Halim Alamsyah, at the Hotel Kempinski, Thursday (07/02/2013).
Thus, using the futures settlement daily quotations. "But he could use it to forwards, depending on how they see the forex market confidence and the economy of Indonesia," said Halim.
Later, these quotations will be enforced according to the market. Bank Indonesia as a monetary authority will provide guidelines, as well as mechanisms JIBOR (Jakarta Interbank Overrate)
"Just like JIBOR, BI just ask the bank give quotations. Then we will maintain the credibility of the system," he said.
Halim said, there are currently 30 foreign banks that will be asked their willingness to provide the daily quotation to the BI. Later, BI will be to approve and oversee the integration of that quotation.
"Otherwise, there will be a mess with quotations and could harm our market," said Halim.
Halim said, that today's quotations per set of BI in order to maintain the stability of the rupiah. "It is the task of BI," he said.
Director of Currency Management Group, as well as the foreign exchange market observers, Anwar Farial rate, the central bank's time to act decisively.
"Disallow foreign banks in Indonesia NDF provides facilities for Indonesian people who want to trade with Singapore," said Farial.
"Rupiah volatility is the result of speculation. It's a disgrace, our currency value dictated by Singapore, "said Farial. Keep in mind, yesterday (02/06/2013), the central bank reiterated Bank Indonesia Regulation (PBI) No.: 10/37 / PBI/2008 Article 4 paragraph 1 and 2.
"BI has been discussing with the banks to make the quotation per day to be their own use," said BI Deputy Governor Halim Alamsyah, at the Hotel Kempinski, Thursday (07/02/2013).
Thus, using the futures settlement daily quotations. "But he could use it to forwards, depending on how they see the forex market confidence and the economy of Indonesia," said Halim.
Later, these quotations will be enforced according to the market. Bank Indonesia as a monetary authority will provide guidelines, as well as mechanisms JIBOR (Jakarta Interbank Overrate)
"Just like JIBOR, BI just ask the bank give quotations. Then we will maintain the credibility of the system," he said.
Halim said, there are currently 30 foreign banks that will be asked their willingness to provide the daily quotation to the BI. Later, BI will be to approve and oversee the integration of that quotation.
"Otherwise, there will be a mess with quotations and could harm our market," said Halim.
Halim said, that today's quotations per set of BI in order to maintain the stability of the rupiah. "It is the task of BI," he said.
Director of Currency Management Group, as well as the foreign exchange market observers, Anwar Farial rate, the central bank's time to act decisively.
"Disallow foreign banks in Indonesia NDF provides facilities for Indonesian people who want to trade with Singapore," said Farial.
"Rupiah volatility is the result of speculation. It's a disgrace, our currency value dictated by Singapore, "said Farial. Keep in mind, yesterday (02/06/2013), the central bank reiterated Bank Indonesia Regulation (PBI) No.: 10/37 / PBI/2008 Article 4 paragraph 1 and 2.