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State-Owned Enterprises Utilizing Foreign Exchange in Large Quantity, ie PT Pertamina (Persero)
REPUBLIKA.CO.ID, BANYUWANGI – SOE Minister Rini Soemarno said that SOEs operating on foreign exchange are ready to use the cover instrument ( cover ) facing the weakening of the rupiah against the US dollar. Hedging transaction products include interest rate swap swap option currency exchange and interest rate swap 19659006] "Basically, we have instruments covering that can be used by SOEs through swaps to help manage financial risks," said Rini Soemarno during his working visit to Jember and Banyuwangi. 1/7).
According to Rini, coverage should be considered on the side of BUMN which exports and imports because it requires and receives foreign currency in the form of foreign currencies. He explained that one of the state-owned companies that daily use large amounts of foreign currency is PT Pertamina (Persero), which has reached about 150 million dollars, or about 2.5 trillion rupees.
In addition, state-owned enterprises including PT Aneka Tambang Tbk (Persero), PT Bukit Asam Tbk (Persero), PT Timah Tbk (Persero), PT PGN Tbk (Persero), PT Pupuk Indonesia Tbk (Persero), PT Pelindo II (Persero) and Garuda Indonesia.
"Coverage facilities for public enterprises that need foreign exchange for imports, but many state-owned enterprises earn dollars for export, which can be used to cover their foreign exchange needs", was -he declares. indicates how long the government's ability to provide such roofing facilities is planned. He only explained that the hedging scenario was managed by state-owned enterprises in 2016 when the rupee against the US dollar dropped sharply to the level of Rp 14,500.
"That's what we see how long the US dollar is strengthening. "
He added that what needs to be preserved now is the ability of BUMNs in business groups to support each other, so the financial performance should stay healthy.
In recent months, the rupiah exchange rate is likely The exchange rate of the rupee during inter-basket trading in Jakarta on Friday (29/6) was traded at 14,330 Rp per US dollar.
Bank Indonesia, however, the long vacation period of Lebaran 2018 is still understandable due to tight financial market pressures following expectations of four times the rate hike of the Fe deral Reserve
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