00:00BANK INDONESIA'S CURRENCY REFORM
00:05Yes, the Bank Indonesia's reviewers have confirmed that the BIR rate
00:09will be open in the fourth quarter of 2024.
00:13However, for now, the Bank Indonesia will still focus on
00:16maintaining the currency exchange value strengthening trend
00:18in line with the expectations of the Central Bank of the United States,
00:23the Federal Reserve, which is getting stronger.
00:31The Bank Indonesia will still focus on maintaining the currency exchange value strengthening trend
00:35by maintaining its reference value in the third quarter of 2024.
00:40The BIR reference value drop will be open in the fourth quarter of 2024.
00:48Governor-General Periwarjio acknowledged the value of the currency exchange
00:52to the US dollar, which has been steadily strengthening lately.
00:56In fact, the value of the currency exchange has increased by more than 5%
00:59since the end of July to August 20, 2024.
01:04The increase in the value of the currency exchange is in line with the expectations
01:07of the decline of the Central Bank of the United States,
01:11the Federal Reserve, which is getting stronger,
01:13so that the balance sheet of the main letter of the US government tends to decline.
01:18As investors turn to the national financial market,
01:22the balance sheet of the central bank of the United States continues to grow
01:24with interesting results, including Indonesia.
01:28The BIR reference value drop will be open in the fourth quarter of 2024.
01:36Meanwhile, for the third quarter,
01:38our focus is on strengthening the currency exchange stabilization.
01:48So, our preference, and fundamentally,
01:52the Rupiah will still tend to strengthen.
01:57It will still tend to strengthen.
02:01Why?
02:02As mentioned earlier, it continues to mean portfolio investment.
02:09Since the SRBI, later Budesti can add the number of SRBI,
02:17now there are more SBN.
02:21Therefore, the policy of the Central Bank Monetary will be aimed
02:25to maintain the momentum of Rupiah strengthening in the third quarter of 2024
02:30with a high interest rate,
02:32so that the result of the investment instrument,
02:34such as the national value letter or SBN,
02:38and the security of the Indonesian Rupiah Bank or SRBI,
02:41remains more attractive than the US government debt letter.
02:46Demi Libutan, IDX Channel
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