Purbaya confident natural resources reform to help stabilizing rupiah
Jakarta, June 4 -- Finance Minister Purbaya Yudhi Sadewa voiced strong optimism that stricter enforcement of natural resource export proceeds (DHE SDA) will inject vital foreign exchange liquidity into the domestic market and help reverse the rupiah's recent decline.
Speaking in Jakarta, Wednesday (June 3), Purbaya labeled the policy a strategic pillar for reinforcing Indonesia's external economic resilience-ensuring that the financial windfalls from the nation's booming commodity exports are retained within the domestic banking system.
"When the prevailing market sentiment begins to subside, supported by the influx of foreign exchange from exports into the country, the rupiah has the opportunity to strengthen again," Purbaya said, pred...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.