The Car Insurance Info : Economist: positive for rupiah redenomination banking

Redenomination would reduce hardware and software adjustments in accommodating large numbers of digits. Currently, the ability of a computer can only accommodate 15-digit numbers, while the STATE BUDGET has reached 16 digits, "

Jakarta (The Car Insurance Info)-the re-denomination rupiah will give a positive impact to the world banking because of economic efficiency will be particularly-digit number is getting smaller, says an economist.

"Redenomination would reduce hardware and software adjustments in accommodating large numbers of digits. Currently, the ability of a computer can only accommodate 15-digit numbers, while the STATE BUDGET has reached the 16-digit, "said Bank Mandiri Chief Economist Destry Damayanti in Jakarta on Tuesday.

Bank Mandiri, said Destry, transactions per day reached the Rp40 trillion, while its overall banking transactions in Indonesia already reach Rp400 trillion per day.

When the rupiah denomination not simplified, while increasing transaction and value is getting bigger, Destry says information technology systems in the banking and other computer certainly will "hang".

"For the world of banking, the redenomination will definitely give rise to costs. But cost is not significant. Thus the greater benefits, "he said.

Therefore, Destry exposes redenomination will create efficiencies in the process of recording, storage, management and reporting of data in the financial statements or statistics.

"Re-denomination is also reducing the barriers and constraints of technical possibilities of human error in the process of bookkeeping transactions or other statistical activities," he said.

On the other hand, Destry says the perception or belief communities against the rupiah will also be higher because prices change on a narrow range. Redenomination is also reducing the risk of "currency substition" which further supports a more stable rupiah.

"For the people of Indonesia, the redenomination will also support economic equality with other precincts in the era of the ASEAN economic community by 2015. Currently, the rupiah denomination is very high when compared to other ASEAN countries, "he said.

Destry Damayanti was one of the speakers at the Seminar ", Indonesia ready to face the Re-denomination?" held the set Student Study Accounting scandal Perbanas Institute at the Auditorium scandal Perbanas Jakarta.

In addition to the other speaker is Destry, Executive Director of the Center for Educational Research and the Central Bank Bank Indonesia Iskandar Simorangkir and economic experts University of Indonesia Jakarta Telisa Aulia Falianty. (*)

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Rupiah stable as economic fundamentals are positive

Jakarta (The Car Insurance Info)-the exchange rate of the rupiah against the u.s. dollar is likely to move on this week plateaued over Indonesia's economic fundamentals are still relatively positive.

The exchange rate of rupiah interbank traded in Jakarta on Thursday afternoon move weakened the value of six points to Rp 9.726 than previously (1/5) in position $ 9.720 per u.s. dollar.

"The exchange rate of the rupiah against the u.s. dollar remained stable, the perception that Indonesia's economic fundamentals are still good resist weakening further," said Economist Samuel securities, Lana Soelistianingsih here on Thursday.

He added foreign funds still continued to enter the regional Asia including to Indonesia will push economic growths. New foreign funds that entered were marked by rising asset prices in Asia including property and shares.

"Although Asian economies is still regarded as the motor of the world economy, but the IMF also warned the possibility of ' overheating ' economy. It is usually characterized by high economic growth coupled with high inflation, "he said.

He suggested the IMF retained the Asian economies grew by 7.1% to support the economic growth of China, India, and Indonesia.

"We expect the rupiah exchange rate to move in a narrow range between Rp-Rp 9.710 9.740 per u.s. dollar," he said.

Meanwhile, Bank Indonesia Middle exchange rate on Thursday, the rupiah recorded move strengthened to Rp 9.728 than previous positions worth $ 9.730 per u.s. dollar.
(KR-ZMF/B008)

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CAR INSURANCE Euro and Asian Exchanges thanks to the Positive agreement of Cyprus

Monexnews-Euro and Asian stock exchanges rose Monday after an EU source said that the President of Cyprus and the European Union have agreed on the outline of a deal to help the financial sector collapse of menghindarkanCyprusdari Gorge. CAR INSURANCE
The Eu source said that the outline included the classification "good" bank and a "bad bank" and the closure of the second largest lender bank of Cyprus, and it was approved by President Nicos Anastasiades the Cyprus negotiations with the leadership of the European consulates Herman Van Rompuy and President of European Commissioner Jose Manuel Barroso. CAR INSURANCE
The deal will be a discussion with the Finance Ministers of Europe, officials sources said.
The Euro strengthened to $ 1.3050 from previous close $ 1.2980, away from the low 4 months at 1.2844 happened Tuesday. CAR INSURANCE
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The Nikkei is still Positive in Asian trade

Monexnews-Asian exchanges in General is experiencing a correction in trade Thursday (14/3) due to the property sector stocks anjloknya so contributed stock Hang Seng fell, but Tokyo stocks rise again quite the rally thanks to expectations of further easing policies.

Japan's Nikkei index – Rally today in addition to the weakening of the yen, strengthening related also lifted by Wall Street's stock still get a small gain thanks to the retail sales data overnight that appears above expectations.

Improving retail sales figures for February helped the strengthening of the u.s. dollar (USD) drove up to its level in early trade, 96.14 despite returning strengthened and ranges under the area of 96. And the effects, a number of major exporters in Japan which had weakened, that can open again strengthened.(dar)

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The Nikkei was positive, Achieves Over 12,000

Monexnews-Japan Stock Exchange Index, the Nikkei, the move strengthened early in the trading session Thursday, continuing the strengthening thanks to a weakening Yen is experienced. The Nikkei index move above 12,000 for the first time since September 2008, rising 1% to 12.049.62, with the Topix index rose 0.7%. With the u.s. dollar's rise to a near 94.00 Yen, the moves strengthened exporter sector, with Advantest shares rose 1.5% Group, Hitachi Ltd. rose 1.1 percent and Bridgestone Corp. which is 2.7% rally.

Stocks that rose is Tosoh Corp. shares were up 1.7 percent and shares of Itochu Corp rose 1.4%. Olympus Corp. shares climbed 2.9% after a Nikkei newspaper report that the company will further trim its debt at the end of the fiscal year in March 2014. However, shares in Toyota Motor Corp. a little weakened, increasing only 0.4%.

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Aussie Looks Positive, The Market Estimate Of RBA Release

Monexnews-planned spending estimates for in Australia in 2013/14 period survive in numbers AUD $ 152.5 billion, showed the presence of a large number of the funds invested in the country.

In this scenario, the chances of trimming interest rates by the RBA in March continued to weaken.

Aussie is still running in a Groove near 1.03, was last seen in the following disclaimers 1.0275 area 1.02, and follow the recovery position, support important 1.0180 downloads.

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Positive Stock Exchange: Bernanke, US Data

Monexnews-the U.S. stock market rally moves on the second day when the Federal Reserve Chairman, Ben Bernanke's commitment to ensure the stimulus efforts of the Federal Reserve, while the Euro strengthened after strong demand for government bonds auction Italy.

Good housing and business spending plan adds to the bullish sentiment for the stock exchange.

To obtain the best performance S&P stock in almost two months, while global stock index rose as much as 0.9%.

Bernanke's comments came on the second day of a statement in Congress. His defense on Tuesday for the Federal Reserve's monetary stimulus, which put a damper on the possibility of kekhwatiran program termination of the purchase of bonds after last week's meeting, was released after the Feds help U.S. stock exchanges recovered from the fall of terdalamnya since November.

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U.S. Exchanges Over The Issue Of Merging Several Positive Company

Monexnews-US stock exchanges surged, sending the index Standard Poor 500 & to the highest level in five years, as the market optimisnya of the deal a merger of companies and data showing that the level of investor confidence in Germany is rising.

Shares of Office Depot Inc. rose 10 percent and shares of OfficeMax Inc. rose 21 percent as people who know this problem say that such companies were discussing a merger deal and probably will announce the deal as early as this week. Shares of Bank of America Corp. and Citigroup Inc. climbed more than 1.2 percent over relinya shares in the financial sector. Meanwhile Google shares surged 1.6 percent, passing the $ 800 level for the first time.

"The number of deals out there has created a positive sentiment," said Kevin Divney, Chief Investment Beaconcrest Capital Management in London in an interview telelpon. " This is positive now as the CEO is currently looking further ahead, and that is the issue four years ago. If we can extend the gain it made strategic decisions for the better.

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Australia stock exchange In the high 30-month Yen and Positive Gold

Monexnews-Australia stock exchange traded at its highest level in almost three years and the Yen strengthened against the u.s. dollar, while gold moved up when most Asian stock exchanges closed associated holidays.

Trading on the stock exchange is likely to take place more quiet than usual with stock in Japan, China, Hong Kong, South Korea, Taiwan, Viet Nam, Singapore and Malaysia are closed for a holiday today.

As many as 300 companies listed on the MSCI Asia Pacific index have released earnings reports this quarter and as Bloomberg estimated, about 53% has exceeded expectations. Approximately 54% had a fumble of estimates, according to data released by Bloomberg. This compares with 75% of the companies listed on the S&P that reaches an estimated 500 high earnings during that period, while as much as 33% due to the decline in sales is weakening.

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