Wednesday, June 20, 2007

Bank Indonesia Says Rupiah Gains to Boost Economic Growth, Curb Inflation

(Bloomberg) -- Indonesia's central bank predicts a
stronger rupiah will support economic growth by making imports
more affordable and curbing inflation, Deputy Governor Aslim
Tadjuddin said.

``In the long run, if appreciation is quite sharp, that's
good for our economy,'' he said in an interview in Jakarta
yesterday. ``We would like to increase purchasing power.''


Read more at Bloomberg Currencies News

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