Foreign exchange in order to feel at home , the central bank set the trustee bank

JAKARTA . One disadvantage of the rules of foreign exchange export proceeds ( DHE ) lies in its inability to hold foreign -owned exporters . Rules of Bank Indonesia ( BI ) effective January 2012 that allow DHE just drop in domestic banks , and went away again , because the grip did not want to hit the free foreign exchange regime adopted country.
To get around this situation, the central bank will issue rules regarding the trustee or trustees who manage the foreign -owned exporters . Overseas, the Bank Trustee usually played by investment banks .
Governor of BI , Nasution said the idea came after discussions with employers BI oil and gas (oil ) . At the meeting, BI asked exporters to precipitate foreign oil exports in the domestic bank . " They told me not to , dong . They chose to put their money in overseas bank Trustee for duitnya bred , " he said , Wednesday ( 23/5 ) .
Darmin rate, it's the natural reluctance of exporters Indonesia because banks do not have a suitable outlet to accommodate exporters of funds . " This should be encouraged to exchange supply and demand change. We are currently reviewing the Act and seek legal umbrella banking , " he said .

Formation of a trustee in the country to deepen the financial markets and maintain foreign currency supply . With the availability of foreign currency , the rupiah is vulnerable and prone to speculation .
Head of International Division of Bank BNI , Wibowo said Abdullah 's Word , the rule in Indonesia has urged the trustee . Because bank products currently available are not sufficient to meet the wishes exporters .
Banks only offer deposits , savings and current accounts with low yield . " After entering the domestic banks , exporters will divert more funds to foreign banks that offer high returns through investment products , " he said .
Develop a business trustee can not be fast . Because the bank requires infrastructure , technology , human resources (HR ) is competent and has integrity, investment climate and good product . Instruments offered by the capital market product usually clad bank products . "If the market is unstable would be an issue because of return decreases . Education is also important to be familiar and Investment products in demand , " said Abdullah .

In terms of export actors , governments need to develop manufacturing exports . Because the manufacturing exporters tend to precipitate foreign currency to finance their longer production of finished goods . This is in contrast to the exporters of primary commodities or raw materials . Exporters will not precipitate this type of currency for a long time because it does not require the production process again .
Abdullah added , if you want to publish the rules of the trustee , the central bank should set up more rules governing derivatives . This rule is to prevent speculators destabilize the economy . " This rule is good . This rule does not prohibit the bank to offer derivative products . Bank only improve care, " he said .

Hedging instrument urgent

In addition to preparing the trustee , in the short term , Bank Indonesia ( BI ) also needs to establish a forward market ( futures market ) . The goal is the same as trustee , to increase the supply of domestic currency for dollars is not easy to be speculation .

Public Relations Director of BI , Difi Johansyah Ahmad said , the establishment of foreign currency hedging instruments is already running but slow . Because the BI must involve other parties such as the capital market authority . " The development will not only BI area . Besides accounting principles in Indonesia should also encourage the development of market instruments such as forward and others , " he said on Friday ( 25/5 ) .
Difi explained , the development of foreign exchange forward market liquidity needed in large quantities . While the exchange will come in person when many hedging instruments . " Outlet specifically required for foreign currency at home in Indonesia , like in Singapore , " he added .
By Destry Damayanti , chief economist of Bank Mandiri , is now a good time to form the forward market . As long as the U.S. dollar liquidity ( U.S. ) increases , the impact of export foreign exchange policy . "If there is no hedging in the country surely they will find out as NDF in Singapore , " he said .
Head of International Division of Bank BN Abdullah Word mengataka Wibowo and foreign exchange hedging instruments should be established for the sake of economic stability . However , in order to develop this market , it took a long time . " Keep socialization to the community about the usefulness of products and to stimulate demand , when demand for less then the lazy bank offering this product because the cost is definitely high , " he said