right now, Indonesia Govt. Bond Outstanding is RP 974,297,524,463,886.00, I guest we'll stay at free float for some time with $0.1 trillions outs bond and $0.05 trillions reserve.
How could $0.1 trillions 'protect' the IDR from falling?
--- On Mon, 9/21/09, Pak AA <pakaa2...@gmail.com> wrote:
From: Pak AA
<pakaa2...@gmail.com>
Subject: Re: [ob] Kang Bagus - Apakah Indonesia meminta Inflow Hot Money untuk masuk Kontrak Berjangka Currency?
To: obrolan-bandar@yahoogroups.com
Date: Monday, September 21, 2009, 6:58 PM
As always you look smart lol ... you must be smart for real 
BTW, which vice president do you mean, the current VP or the next one who'll be in power in this October? Isn't it the finance minister's idea to sell treasury bond...
On Mon, Sep 21, 2009 at 12:38 PM, Elaine Sui <elainesui83@ gmail.com> wrote:
China doesn't use free float for the renminbi yet their stock markets are among the best. Note that pegged currency only works if you have huge reserve, so It really depends.
China has $2 trillions of fgn (USD) reserve, Japan has $1 trillions. Indonesia has $0.05 trillions (lol), so Renminbi and Yen are fixed, IDR is free float. In 1997 IDR was pegged to the USD (at IDR 2000 something) but then when something bad come up, and if ppl sees that you don't have enough reserve, they may SHORT your currency.
Same thing happened to poundsterling in 1992 (Soros made fortune on this one by shorting $10 billions worth of poundsterling, hell that's 1/5 of your total fgn reserve, so 5 ppl like soros technically can bring Indonesia down..sorry)
That's why your govt is selling treasury bonds so much, so everyone will 'protect' the IDR from falling. ehhh, those ppl at the govt are smart, so does your vice prosident, you have to trust them and let them work.
Elaine
2009/9/18 <mr_...@yahoo. com>
Devisa bebas bagus untuk stock market, Sejak thailand kontrol devisa stock market nya ngga menarik lagi. Karena risk premium susah keluar mesti di kalkulasi dalam harga ... Bursa kite kan paling wussss ... Kalo dikontrol menurut hitungan kasar ya jebol 1000 lah bej
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Date: Fri, 18 Sep 2009 09:34:25 +0000 Subject: Re: [ob] Kang Bagus - Apakah Indonesia meminta Inflow Hot Money untuk masuk Kontrak Berjangka Currency?
Setauk saya yang telah menerapkan semacam "Chilian tax" di asean adalah malay n thailand. FDI/portfolio investment harus stay beberapa waktu. Indonesia, dalam UU no 24 thn 1999 menyatakan kita (memilih) menganut regime devisa bebas. Dalam kondisi aparatur negara yang belum tertib, maka agak riskan apabila menggunakan regime control devisa.
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Date: Fri, 18 Sep 2009 15:41:54 +1000 Subject: [ob] Kang Bagus - Apakah Indonesia meminta Inflow Hot Money untuk masuk
Kontrak Berjangka Currency?
Den Bagus... Tulung tanya,
Saya dengar Negara-negara Asean laen menerapkan pembatasan fluktuasi mata uang. Cara mereka, dengan meminta dana Hot Money yang tidak melakukan FDI untuk masuk kontrak berjangka currency (jadi kurs masuk keluarnya sudah tidak terlalu besar lagi).
Apakah Indonesia ada rencana untuk menerapkan sistem ini? Maksudnya untuk mengurangi spekulasi mata uang yang merusak sendi-sendi ekonomi.
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