Tuesday, October 28, 2008

What happens if other countries decide that selling the Dollar is the way forward?

Indonesia Plans `Response Policy' to Boost Currency

Indonesian stocks are headed for their worst yearly performance on record and the country's bonds are the weakest performer in Asia as a global credit crisis prompts investors to flee from the nation. Indonesia was one of three countries in the region to seek a bailout from the International Monetary Fund during the Asian financial crisis a decade ago. ``The most effective measure would be'' the central bank selling dollars, said Aldian Taloputra, an economist at PT Mandiri Sekuritas in Jakarta. ``But this problem is of global scale, so what the government could do is to minimize the impact of the outflow.''

Posted by flintster1994 @ 08:50 AM (548 views)
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