日本語
Español
中文
Русский
JAKARTA (Thomson Financial) - The Indonesian banking system should be safe from any direct fallout from the US subprime mortgage market woes as local banks do not have any exposure to it, a Bank Indonesia official said.
"I don't see any direct impact from the subprime problem in the US in our banking system," because no domestic institution has investments in the troubled sector, Bank Indonesia research director Halim Alamsyah told Thomson Financial.
He said losses in local equities and a selloff in Bank Indonesia Certificates (SBIs) appear to be partially due to some overseas institutional investors who require funds to meet overseas obligations.
"But I think this is temporary. They will come back as our economy remains strong," he said.
The selldown in stocks and SBI's put pressure on the rupiah with the unit trading at 9,345/9,355 to the US dollar at 2.00 pm, compared to 9,310/9,320 late Thursday.
(1 US dollar = 9,271 rupiah)
roffie.kurniawan@thomson.com
rk/mb
-
hkp/mb/hkp/mb
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
Breaking Forex News
Mexico's Peso, Bonds Rally; Stocks Close Lower; IPC -0.5%
Dow Jones | Tue, Nov 24 2009, 21:56 GMT
Argentina Bonds Up On Growth Prospects; Stocks Track Wall St.
Dow Jones | Tue, Nov 24 2009, 21:41 GMT
CURRENCIES: Dollar Claws Higher After Fed Caps Data-rich Day
Dow Jones | Tue, Nov 24 2009, 21:27 GMT
Stocks end in negative; Dollar consolidates far from the highs of the day
FXstreet.com | Tue, Nov 24 2009, 21:17 GMT
ForexLive New York wrap-up: Don’t worry be happy…
Forex Live | Tue, Nov 24 2009, 21:16 GMT
Latest Updated Reports
Fundamental News Summary - US Session News Summary by ecPulse.com
Tue, Nov 24 2009, 21:09 GMT
Fundamental Currencies Comments - Weak dollar ahead of the FOMC … by ecPulse.com
Tue, Nov 24 2009, 18:53 GMT
Forex Technical Report - Risk Aversion Supporting Dollar by ForexHound.com
Tue, Nov 24 2009, 18:34 GMT
Daily Options Intelligence Report - Option traders sow the seeds at Origin Agritech by Interactive Brokers LLC
Tue, Nov 24 2009, 18:12 GMT
Live Daily Broadcast - Today's Live Show: Global Fundamentals to Watch When Trading the USD by AllThingsForex
Tue, Nov 24 2009, 17:41 GMT
