Rupee IndonesianSuharto was not in time “ to adhere “ rupee
And it has fallen
Yesterday the financial world of Jugo - East Asia has endured the next shock. Within one day the Indonesian rupee has fallen in price on 10 %. Falling of national currency has been provoked by the disagreements which have arisen at the president of Indonesia Suharto from IMF. And after all all one month ago for the sake of stability of rupee of Suharto has sacrificed to IMF of the managing director of the Central Bank of Indonesia.
in Wednesday of event in the Asian markets have started to develop even before opening of the auctions on the largest exchange platforms. Early in the morning rating agency Moody ` s declared that the rating of the largest Indonesian banks will be reconsidered towards fall. As a result the auctions at the Asian stock exchanges have begun with slow fall of a course of the Indonesian currency.
the president of Indonesia which has sharply changed the opinion on the politician, spent by IMF in region has brought down rupee. Still one month ago, at negotiations about granting of the next tranche of the credit, Suharto assured: “ I am ready on any of a victim for the sake of reception of next March tranche so necessary for us at a rate of $3 mlrd “. Also has immediately confirmed own determination with business: the managing director of the Central Bank of Indonesia, speaking against fixing of a course of rupee, has lost suddenly the post (wrote about it).
However yesterday Suharto has made the opposite statement: “ Though Indonesia also intends to adhere to IMF recommendations, we need other strategy on stabilisation of national currency - rupees “. Differently, the president has refused idea “ bindings “ the Indonesian rupee to this or that hard currency. The currency markets have reacted to it a collapse of a course of rupee.
to Indonesia, at the desire of Bill Clinton, the former vice-president of the USA Uolter Mondejl has urgently taken off. During yesterday`s conversation with Mondejlom Suharto has declared to the American representative: “ Indonesia does not intend to operate further on an IMF pointer “.
Than so sharp change of the relation of Suharto to IMF is caused, it is necessary to guess only. The presidential administration refuses to make comments on an event. And the IMF has only declared carrying over of terms of granting of the next tranche of the credit of Indonesia without day.
ILYA - PLAKSIN