JAKARTA NewsecoInfo Reported- Indonesia's foreign exchange reserves recorded by Bank Indonesia (BI) rose more than USD1000 billion response was encouraging, but should still be careful with the sudden reversal (turning suddenly).This was revealed by The Center for Economic Studies and Public Policy UGM Tony Prasetiantono in short message to the Legal, Thursday (03/03/2011).
"Pretty exciting, because it means being able to back up the rupiah to stay strong and steady at today's Rp8.800 per USD. But we should not be satisfied, because the Thai foreign exchange reserves, already close to USD200 billion. It also must remain vigilant because there are still risk of sudden reversal, "said Toni.
Furthermore, Toni said if the government also must maintain economic stability for foreign investors investing mood in Indonesia feel welcome. "The government needs to maintain economic and political stability to maintain the mood of foreign investment in Indonesia, so they feel at home," he added.
Toni adds, of the many risks, most have to watch out for are political stability, because it becomes an important variable in the case of the Middle East so that investors increasingly happy to to the Asian emerging market countries.
"Of the many risks, in my opinion the most important variables for political stability are seen global investors. Especially now with the crisis in the Middle East, making the owners of increasingly global capital into emerging markets like Asia, including Indonesia," he concluded. (NewsecoInfo)
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