Indonesia Authorized Money Changer

Rupiah in the Lower Level Rp8.900

February 16th, 2011 - Tags: , , , , , , , , , , , , , ,
Posted in Umum

RMC – Although it is still minimal positive sentiment on the movement of domestic currency, the rupiah continued to strengthen the movement, and the transaction Wednesday evening under Rp8.900 level.

Rupiah movement from day to day which showed the gain, reflecting the outlook for Indonesia’s economic growth is positive.

In addition, investors seem to have realized that the U.S. central bank is printing money to restore the economy. Most likely the Central Bank is printing money to finance bigger government spending.

Market participants will reduce the ownership of the dollar and U.S. bonds, to print so much money that will likely lead to the downfall of the U.S. dollar against world currencies.

That way, market participants will return to emerging markets in Asia including Indonesia, which has the fundamental growth of the economy with good prospects.