'Love rupiah' drive (2)<\/p>\n
From Merdeka<\/p>\n
I welcome the \"Love rupiah\" drive despite the half-hearted and
\nsymbolic impression it generates. The business tycoons who were
\nexpected to come with huge amounts of dollars to be changed into
\nrupiah, have so far only brought tens or hundreds of thousands
\ndollars, a maximum of one million.<\/p>\n
Certainly it has not given the optimum psychological effect,
\nbut the intention is there. The reason is that the depreciation
\nof the rupiah against the dollar is very serious. We pray that
\nthere will be more sacrifices and that the \"Love rupiah\" drive
\nwill find more enthusiastic support, like similar campaigns in
\nSouth Korea and Thailand.<\/p>\n
To overcome the crisis I am more convinced by a proposal made
\nby Hartojo Wignjowijoto, a former IMF consultant who knows the
\ninner workings of the organization. He says that the only way to
\nsave the rupiah, after the IMF runs out of funds, is by the
\nfreezing and the withdrawal of funds deposited abroad by our own
\npeople to the tune of 60 billion dollars. A smaller amount would
\nalready serve the purpose (Merdeka, Jan. 13). From a quantitative
\nviewpoint, I am sure that the withdrawal of the billions of
\ndollars deposited abroad will be more effective and energy-saving
\nthan the \"Love rupiah\" drive yielding several millions at the
\nmost.<\/p>\n
Indonesia is replete with anomalies indeed. Last Monday, on
\nthe same day as the heralding of the \"Love rupiah\" campaign by
\nhigh-ranking government officials and big businessmen in the Bank
\nIndonesia building, it was reported that the rupiah was weakening
\nby 450 points. Did the selling of dollars result in a fall in the
\ndollar price and subsequently in dollar buying? The \"Love
\nrupiah\" drive should not be comparable to amassing meat to be
\nsnatched away by tigers.<\/p>\n
People with deposits abroad should be scrutinized for amassing
\ndollars. I think by taking firm measures against hoarders who are
\nbehind the scarcity of dollars, the government's image can be
\nrestored. The people are in support of the action.<\/p>\n
The government should not create injustice by penalizing
\nstaple food hoarders while taking no steps against dollar
\nhoarders.<\/p>\n
KUNCORO<\/p>\n
Bandung, West Java<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/love-rupiah-drive-2-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }