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Comments on other issues: BI's no-dollar rule may create distortion: Govt
No dollar transaction: A man counts US dollar banknotes at a money changer in Kwitang, Central Jakarta, on Monday
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No dollar transaction: A man counts US dollar banknotes at a money changer in Kwitang, Central Jakarta, on Monday. The government has said that Bank Indonesia is open to the possibility of revising a ban on the use of dollars for domestic transactions.(JP/Jerry Adiguna) (JP/Jerry Adiguna)
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span class="inline inline-center">No dollar transaction: A man counts US dollar banknotes at a money changer in Kwitang, Central Jakarta, on Monday. The government has said that Bank Indonesia is open to the possibility of revising a ban on the use of dollars for domestic transactions.(JP/Jerry Adiguna)
June 29, p13
A top minister has claimed that Bank Indonesia (BI) is open to the possibility of revising a ban on the use of US dollars for domestic transactions amid heightening worries among major importers and state-owned firms.
If the ban on dollar transactions is implemented as planned, it might create 'distortion' in the economy, Coordinating Economic Minister Sofyan Djalil said Friday after a meeting with top economic ministers and BI officials at the Vice Presidential Office in Jakarta.
Your comments:
It better revise it immediately if Indonesia doesn´t want to see more investors leaving and infrastructure mega projects abandoned.
Simba
This country is in real danger! Jokowi has no clue how the economy works.
Snap
It is typical, focusing on symptoms instead of solving the underlying problem of why the rupiah is so weak.
Gaud Amus Igitur
That is good step. BI was supposed to rule on it many years ago. The next step would be to redenominate the rupiah.
Mounte Cristo
It is nonsense to believe the headline that it only applies to domestic transactions. It is far more complex and devastating than that.
Rusty Nails
I notice the similarities between the nationalist Sukarno era of economic mismanagement and the current administration as well. Quarter over quarter, gross domestic product has contracted two quarters in a row and there is really no indication that things are going to get much better.
Mamat
