Banker: Make BI Rupiah Controlled Intervention

Director of Treasury, Financial Institution & Special Asset Management Bank Mandiri Royke Tumilaar optimistic that the condition of dollars in recent days to climb will not be directly bolted to the upper level of Rp 9,500 per U.S. dollar. This is because a convoy of Bank Indonesia (BI) on the market.

"BI will certainly try to stabilize by the intervention. Our strategy is to support the rupiah did not run fast to Rp 9,500. If rising, rising in stages," said Royke, Monday (05/21/2012). He estimates that the rupiah will be maintained in the range of Rp 9200-9300 for the United States dollar (U.S.).

Based on the middle rate of BI, the rupiah against the U.S. dollar continued pressure. On May 11, 2012, the rupiah was perched on the level of Rp 9180 per U.S. dollar. Rupiah weakened again on May 14, 2011 at the level of Rp 9220, Rp 9265 on May 15, 2012, and Rp 9280 on May 16, 2012. However, this afternoon, (21/05/2012) Bank middle rate of the rupiah strengthened slightly to indicate a level of Rp 9268.

Previously, BI Deputy Governor Hartadi A Sarwono rising value of the exchange rate due to global sentiment, particularly the European economy. Attenuation is also experienced by other currencies in the Asia region.

"What can we (BI) to do is do not let the rupiah weakened too quickly. Intervention remains we do with time and the right amount," said Hartadi. (Adiatmaputra Fajar Pratama)