“Government’s Deregulation Packages Responded Positively by Business World,” the President says

The President is giving directions at the inauguration of bonded logistics center in Jakarta (10/3)

Rising exchange rate of Rupiah to US Dollar, on the last few days, is an evidence that the deregulation packages launched by the Government, the policies of Bank Indonesia, the policies of Financial Services Authority (OJK) are positively responded by business world and investment sector. It brings in cash and capital so that it generates capital inflow.

“It happens automatically if there are cash and capital flows,” the President said to the journalists after inaugurating Bonded Logistics Center (PLB) in Cakung, Jakarta, on Thursday (10/3) morning.

Does external factor influence this condition? Yes, it does. If there is no deregulation, nothing will happen,” the President firmly said.

The President affirmed that he cannot control the Rupiah rate because it is controlled by the market.

“I cannot control the rate. However, the market can see our efforts and it gives positive respond. The Government cannot control the rate because there is external factor,” the President said.

Based on middle rate of Bank Indonesia, since last week, Rupiah exchange rate to US Dollar is stronger. If previously the rate almost touched Rp 13,500/US Dollar, on last Monday (7/3) the rate was Rp 13,029/US Dollar. (FID/ES)(MMB/YM/Naster)