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Post by RamblerNash on Sat Feb 02, 2019 10:59 am

TNT

Jeffrey639:

Any new RV news?

Wrider22:
Well I was pointing pretty hard at yesterday for the GCR but today may have even better possibilities! Piece of advice...use the word "exchange" when you're at the bank. The term "cashing in" may get you a reduce rate.

Smitty76:
Remember that Tony has always said he likes Friday afternoon after markets close for the RV to roll out

Bap:
Just received info from trusted bank source. This bank source said that all of the managers of the currency exchange centers were in big time meetings today. Told about policies, procedures and everything that they needed to know for the exchanges. They were told to expect a busy weekend.

Sunny:
Frank26 has a ponytail and has said he will not cut it off until we ha​ve had the RV. Delta posted this today: Delta: "WITHIN 2 DAYS ​.........I WILL GET THE PONYTAIL"...rolling-on-the-floor-laughing​-smiley-emoticon_giflaughing-smiley-face_gif……. Delta posted that yesterday.

Tishwash:
Rupiah is still undervalued: Bank Indonesia


Bank Indonesia (BI) Governor Perry Warjiyo has said that under the current exchange rate, the rupiah was still undervalued and could, therefore, further strengthen against the US dollar in the coming days.

“The strengthening rupiah will support the effort to narrow the current account deficit,” Perry said in Jakarta on Wednesday as quoted by kontan.co.id.

The rupiah has stood at between Rp 14,000 and Rp 14,200 per US dollar since earlier this week.

Perry pointed out several factors that would support the rupiah’s appreciations. Firstly, the Fed Fund rate hike is estimated to occur only twice this year, compared to four times last year.

Secondly, investors’ confidence in the Indonesian economy is gradually recovering, as indicated by the significant capital inflow to Indonesia through stocks and government debt papers — reaching Rp 19 trillion (US$1.35 billion) — since early January.

Thirdly, Perry said the Indonesian fundamental economy was also strengthening, indicated by stable economic growth, low inflation rate and the narrowing fiscal deficit in 2018, which was much lower than the deficits in previous years.

The central bank also forecasts a narrowing current account deficit this year, which is estimated to be 2.5 percent of the gross domestic product (GDP) from about 3 percent last year.

Perry also saw a better foreign exchange market mechanism marked by the increase in liquidity.

“It is not only the mechanism in the spot market, but also in the swap market and in DNDF [domestic non-deliverable forward] market that we just launched in November last year,” he added. (bbn) link
RamblerNash
RamblerNash
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