BI: Good Investment Climate Encourages Rupiah Strengthening
31 August 2015 14:00 WIB
TEMPO.CO, Jakarta - Bank Indonesia’s (BI) North Sulawesi Representative head Peter Jacobs said good investment climate will strengthen rupiah.
“The government must create better investment climate in Indonesia so that the weakening rupiah will improve again,” said Peter in Manado on Monday.
Peter said if investment climate in Indonesia is good, foreign investors will not hesitate to invest in regions. “Investors will come to a region if it has good investment climate that will make them stay,” he said.
Indonesia will have to improve the licensing process for investors so that they want to invest in Indonesia. The current weakening rupiah exchange rate that has reached Rp14,000 per US dollar still has its fluctuation maintained so that people need not to be panic.
Peter said rupiah’s condition is not too worrying as rupiah is not the only currency that is depreciating and gaining pressure from dollar.
“If we see it that way, we don’t need to worry. We should focus on reducing import. That's why, businessmen are asked to see which imported products that can be made here,” he said.
ANTARA
