Central Bank of Indonesia Would Implement Capital Control
Written by NGDlover
Labels : News of Currency, Money and Fund
Notegolddiamond – A reputable Indonesian business tabloid -KONTAN online- issued a news about Indonesian Central Bank (BI) that who have been frustrated by the outflow and inflow of short term of foreign funds into Indonesia’s financial system, because these short-term funds movement frequently make the exchange rate staggering. Today, BI is planning regulations or policies aimed at reducing this short time capital flow so that it make Rupiah stronger from the negative effects of short term foreign fund aka hot money, because the negative effects will be damped by the new policy. BI governor Nasution said, “We’ve discussed but not yet taken a decision (application) to do that,” he said after prayers in Friday at Masjid Baitul Ichsan Complex Bank Indonesia, Jakarta, Friday (11 / 6). Read more »
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