Employees indicate money changers in U.S. dollars ( U.S. ) , South Jakarta , Friday (29/11/2013). After touching a new position at Rp 12,000 per U.S. dollar, the rupiah this morning rebounded 0.34 percent to Rp 11,978 per U.S. dollar .
Government policies that are not consistent in fixing the value of the rupiah currency speculators made vulnerable presence or stowaway . This is a stowaway actions of speculators who profited amid the weakening rupiah .
An economist said that many government policies that are inconsistent . Including raising the BI rate policy that will not work as long as the government does not fix the maximum reliability of the domestic industry.
"In theory, the BI rate climbed to reduce imports , with the BI rate , the government would put the brakes on economic growth , but if it is not accompanied by building domestic industries result is the same lie , even the import requirements of raw materials could reduce competition , let alone electricity is also rising , " he said to Tribunnews in Jakarta , Sunday ( 01/12/2013 ) .
In addition to other policies BI rate policy is a style of SBY-Boediono administration in reducing imports by raising import duty vehicles luxury cars . Though the government provides tax breaks for low-cost cars . This policy is contradictory because it will increase the oil and non-oil imports.
" This form of inconsistent policies , how would suppress the trade deficit if the government did not try to restrain the consumption of subsidized fuel and raw material import non - oil and gas ( for cars ) ? , " He said .
As an economist , Eny also suspect there are those who take an interest in the policy is inconsistent . He said that the existence of dark passengers who played in the rupiah currency speculation .
" I suspect this situation is exploited for such purposes , but I can not definitively prove this suspicion because it is difficult to prove , " said Eny .
Eny suspicion persists because the weakening rupiah currency has reached 21 percent since the beginning of this year . Though currencies in countries in Southeast Asia only fell by 10 percent . Plus Indonesia clearly has a challenge over the growing current account deficit swells .
" When the current account deficit swelled government took the wrong instrument , instead of fixing the domestic industry even trying to reduce imports of raw materials spontaneously , not to mention we never pay attention to the ease of licenses and infrastructure improvements as a result many foreign investors do not invest to accommodate the needs of raw materials for industry in the country , " he said. Thank you for reading this article .
Written and posted by Bambang Sunarno. sunarnobambang86@gmail.com
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DatePublished: December 2, 2013 at 12:21
7MHPNPADAEFWTag : Inconsistent government policies.
