Minister Susi Pushes to Improve National Salt Industry
17 December 2014 18:06 WIB
TEMPO.CO, Jakarta - Minister of Fisheries and Marine Affair Susi Pudjiastuti, said that she is planning to push for national salt sustainability, particularly in relation to the weakening Rupiah exchange value.
Moreover, Susi expected that Indonesia can maximize salt production and sell it overseas.
Financial Minister Bambang Brodjonegoro said that one of the key factor in Rupiah's downfall is the United States economic condition. The improving US economy has caused investors to withdraw their investment from developing nations and begin purchasing US Dollar denominated assets.
Other factors are the depreciation of Russian currency, Rubel, against US Dollar. Bambang said that the situation has caused Russia to increase its central Bank Rate by 650 base points, from 10.5 to 17 percent.
DEVY ERNIS