Yuan Will Affect the Value of Imported Goods RI
Bank July 6th, 2010
JAKARTA – The government’s policy of China which decided to conduct the flexibility of its currency, the Yuan, will affect the value of imports of goods to Indonesia. Where a capital inflow will still continue.
“Obviously with the existing policy, capital inflow will still continue. It would not have significant influence on the map of foreign capital inflows,” said Director of Economic Research and Monetary Policy Bank Indonesia BI Perry Warjiyo in Building, Jakarta, Monday (21 / 6 / 2010).
Previously, the Government of China issued a policy flexibility for yuan after it was pegged against the U.S. dollar. Perry also said the policy will not affect the flow of Indonesian export goods to China. The reason for this Indonesian export more raw materials.
Nevertheless, he continued, Yuan flexibility will affect the activities of China’s imports of goods.
He said that prices of goods entering China will be more expensive than ever. Looking ahead, exports to China will still continue. “If for imports, China’s goods more expensive to make,” he concluded
