Mon, 13 Dec 2010
From:
VIVAnews - The idea to make possible the distribution of common ASEAN currency in Southeast Asian countries will depend much on the strength of the financial sector in the countries within the region. Today's situation in Europe teaches other regions willing to put the system into effect to endure longer processes.

"Inter-governmental collaboration is indeed important to ancipating any future crisis. Common currency is still being discussed as an option," said Bank Indonesia (BI) Deputy Governor, Halim Alamsyah, said yesterday, Dec 9.

In his opinion, there are reasons to implement a common currency. European countries created the system to maintain currency stability and avoid warfare from taking place.

"The conditions in Indonesia and other ASEAN countries are different. External factors have in fact affected the region (economic crisis)," he said.

Halim therefore reminded that the common currency idea should take into account the economic foundation built in every ASEAN country. On the other hand, commercial partnership among ASEAN countries also counts.

"Take for instance commercial issues on goods and services. ASEAN countries should have in the first place reduced the contrasts in their economic growth," he said.

Several phases in economic cooperation among ASEAN countries must be set up to implement common ASEAN currency.

BI, according to him, worries that the possible situation that some of the European countries experienced prior to the common currency implementation will occur in ASEAN. Greek, Ireland, and Spain were not ready enough to apply the system. "That's why economic stability is crucial," he said.

Indonesia has been teaming up with China, Japan, and Korea in the ASEAN plus three forum. In addition, Indonesia, through BI, held a meeting with several central banks.



News Search/Filter
Transaction Rates
18 Aug 18
Buy
Sell
AED1
3,903.45
3,903.45
AFN1
197.07
197.07
ALL1
130.34
130.34
AMD1
29.73
29.73
ANG1
7,773.43
7,773.43
AOA1
53.38
53.38
ARS1
481.95
481.95
AUD1
10,490.26
10,490.26
AWG1
7,996.69
7,996.69
AZN1
8,421.78
8,421.78
BAM1
8,350.42
8,350.42
BBD1
7,169.04
7,169.04
BDT1
169.69
169.69
BGN1
8,385.58
8,385.58
BHD1
38,014.93
38,014.93
BIF1
8.03
8.03
BMD1
14,338.09
14,338.09
BND1
9,492.24
9,492.24
BOB1
2,075.18
2,075.18
BRL1
3,666.46
3,666.46
BSD1
14,338.09
14,338.09
BTC1
93,164,188
93,164,188
BTN1
204.62
204.62
BWP1
1,318.14
1,318.14
BYN1
6,994.33
6,994.33
BZD1
7,135.19
7,135.19
CAD1
10,978.67
10,978.67
CDF1
8.87
8.87
CHF1
14,401.31
14,401.31
CLF1
613,263.11
613,263.11
CLP1
21.47
21.47
CNH1
2,097.87
2,097.87
CNY1
2,085.67
2,085.67
COP1
4.77
4.77
CRC1
25.27
25.27
CUC1
14,338.09
14,338.09
CUP1
562.27
562.27
CVE1
147.53
147.53
CZK1
638.23
638.23
DJF1
80.55
80.55
DKK1
2,199.22
2,199.22
DOP1
288.17
288.17
DZD1
120.67
120.67
EGP1
801.95
801.95
ERN1
956.11
956.11
ETB1
517.71
517.71
EUR1
16,417.81
16,417.81
FJD1
6,746.23
6,746.23
FKP1
18,283.95
18,283.95
GBP1
18,283.95
18,283.95
GEL1
5,786.87
5,786.87
GGP1
18,283.95
18,283.95
GHS1
2,941.14
2,941.14
GIP1
18,283.95
18,283.95
GMD1
297.62
297.62
GNF1
1.60
1.60
GTQ1
1,915.16
1,915.16
GYD1
68.76
68.76
HKD1
1,826.31
1,826.31
HNL1
596.67
596.67
HRK1
2,211.00
2,211.00
HTG1
212.85
212.85
HUF1
50.81
50.81
IDR1
1.00
1.00
ILS1
3,917.15
3,917.15
IMP1
18,283.95
18,283.95
INR1
205.43
205.43
IQD1
12.04
12.04
IRR1
0.33
0.33
ISK1
133.56
133.56
JEP1
18,283.95
18,283.95
JMD1
106.24
106.24
JOD1
20,180.08
20,180.08
JPY1
129.75
129.75
KES1
142.22
142.22
KGS1
210.42
210.42
KHR1
3.52
3.52
KMF1
33.21
33.21
KPW1
15.93
15.93
KRW1
12.80
12.80
KWD1
47,235.00
47,235.00
KYD1
17,211.00
17,211.00
KZT1
39.83
39.83
LAK1
1.68
1.68
LBP1
9.46
9.46
LKR1
89.37
89.37
LRD1
92.95
92.95
LSL1
1,005.82
1,005.82
LYD1
10,315.17
10,315.17
MAD1
1,504.91
1,504.91
MDL1
861.14
861.14
MGA1
4.32
4.32
MKD1
265.84
265.84
MMK1
9.62
9.62
MNT1
5.87
5.87
MOP1
1,773.80
1,773.80
MRO1
40.10
40.10
MRU1
398.61
398.61
MUR1
413.80
413.80
MVR1
928.02
928.02
MWK1
19.72
19.72
MXN1
758.89
758.89
MYR1
3,494.98
3,494.98
MZN1
242.84
242.84
NAD1
986.47
986.47
NGN1
39.71
39.71
NIO1
450.03
450.03
NOK1
1,696.62
1,696.62
NPR1
127.89
127.89
NZD1
9,514.75
9,514.75
OMR1
37,236.18
37,236.18
PAB1
14,338.09
14,338.09
PEN1
4,314.71
4,314.71
PGK1
4,322.34
4,322.34
PHP1
269.03
269.03
PKR1
115.92
115.92
PLN1
3,820.02
3,820.02
PYG1
2.49
2.49
QAR1
3,937.95
3,937.95
RON1
3,524.08
3,524.08
RSD1
138.89
138.89
RUB1
213.97
213.97
RWF1
16.56
16.56
SAR1
3,822.93
3,822.93
SBD1
1,817.45
1,817.45
SCR1
1,055.13
1,055.13
SDG1
795.67
795.67
SEK1
1,565.78
1,565.78
SGD1
10,455.83
10,455.83
SHP1
18,283.95
18,283.95
SLL1
2.19
2.19
SOS1
24.78
24.78
SRD1
1,922.51
1,922.51
SSP1
110.06
110.06
STD1
0.68
0.68
STN1
665.34
665.34
SVC1
1,638.94
1,638.94
SYP1
27.84
27.84
SZL1
986.48
986.48
THB1
432.45
432.45
TJS1
1,523.21
1,523.21
TMT1
4,096.61
4,096.61
TND1
5,203.83
5,203.83
TOP1
6,205.52
6,205.52
TRY1
2,384.12
2,384.12
TTD1
2,127.55
2,127.55
TWD1
466.65
466.65
TZS1
6.28
6.28
UAH1
517.81
517.81
UGX1
3.82
3.82
USD1
14,338.09
14,338.09
UYU1
454.18
454.18
UZS1
1.83
1.83
VEF1
0.10
0.10
VND1
0.62
0.62
VUV1
132.14
132.14
WST1
5,539.08
5,539.08
XAF1
25.02
25.02
XAG1
212,201.32
212,201.32
XAU1
17,021,536.87
17,021,536.87
XCD1
5,305.39
5,305.39
XDR1
20,009.05
20,009.05
XOF1
25.02
25.02
XPD1
13,148,784.06
13,148,784.06
XPF1
137.58
137.58
XPT1
11,328,907.24
11,328,907.24
YER1
57.27
57.27
ZAR1
984.51
984.51
ZMW1
1,399.24
1,399.24
ZWL1
44.47
44.47
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services