{
    "success": true,
    "data": {
        "id": 1392412,
        "msgid": "to-ward-off-speculators-1447893297",
        "date": "1998-01-21 00:00:00",
        "title": "To ward off speculators",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "To ward off speculators From Bisnis Indonesia Efforts to strengthen the rupiah, and at the same time to strike at dollar speculators, can be easily made if the authorities wish to do so. Consider why speculators buy up dollars. They hope for big profits when selling their dollars. What if there is no one to buy high-priced dollars? Speculators will immediately refrain from making transactions. How to exert pressure on buyers?",
        "content": "<p>To ward off speculators<\/p>\n<p>From Bisnis Indonesia<\/p>\n<p>Efforts to strengthen the rupiah, and at the same time to<br>\nstrike at dollar speculators, can be easily made if the<br>\nauthorities wish to do so.<\/p>\n<p>Consider why speculators buy up dollars. They hope for big<br>\nprofits when selling their dollars.<\/p>\n<p>What if there is no one to buy high-priced dollars?<br>\nSpeculators will immediately refrain from making transactions.<\/p>\n<p>How to exert pressure on buyers? By shattering the<br>\nspeculators' expectations:<\/p>\n<p>* Bank Indonesia should determine a fixed buying rate, for<br>\nexample US$1 = Rp 4,000.<\/p>\n<p>* The finance minister should instruct all banks and money<br>\nchangers to adhere to the buying rate.<\/p>\n<p>* Penalize banks and money changers which buy dollars at a<br>\nrate higher than Rp 4,000.<\/p>\n<p>Selling rates may fluctuate, but the buying rate would be<br>\nfixed. This would make currency dealing unattractive to<br>\nspeculators.<\/p>\n<p>BRATA WARDHANA<\/p>\n<p>Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/to-ward-off-speculators-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}