WEBODIGY Business & Finance Journal

The global financial crisis has given a lesson the importance of stability in world currency values. Thus affirmed China’s Foreign Minister Yang Jiechi.

“Countries around the world have suffered large losses from the financial crisis and economic recession,” said Yang at a meeting of the UN General Assembly to discuss and receive the effects of economic crises in developing countries, as quoted by Reuters on Thursday (25/6/2009) .

“It is important to keep the exchange rate relatively stable world, and considering the international monetary system is diverse and rational,” he added.

In March and Central Bank of China Governor Zhou Xiaochuan said the currency should be based on the division of the IMF currently has 185 member countries, known as the special drawing right

The government has set up four account numbers by using four different countries currency to accommodate foreign assistance funds for earthquake victims in West Sumatra (West Sumatra).

As for the four currency, the Rupiah, USD, Yen, and Euro. The purpose of this account number for all foreign aid be fixed nominal fully centralized and handled by the government.

“To hold them, be submitted to Bank Indonesia (BI) that will focus,” said Director General of the Ministry of Finance State Treasury Herry Purnomo, when found journalists, the Ministry of Finance Building, Jakarta, Tuesday (6/10/2009).

Four of the account number is 519.000124 for foreign aid in the form of dollars, while in the form of U.S. dollars may be awarded to the account number at 609.022011. Semantara for assistance with the euro currency that is 609.000991, and assistance with the currency can be paid in yen through the account number 609.007111.

He also explained that foreign aid should not be channeled directly to local governments. “Must be from the center, new to the provincial government,” he said.

But, not all foreign aid funds affected by this rule. According to him, assistance through the central government accounts is that funds sent through the cooperation of humanitarian inter alias government to government (G to G).

For information, outside assistance mechanisms can be channeled directly to local governments. Paskah Suzetta was still shut up about the amount of foreign aid coming into the central government accounts. “Minister of Finance was counting. Progress, such as the mother presented the Minister of Saudi Arabia $ 50 million USD,” he explained.

Governments do have a strong reason the government requires foreign aid into the central account. Because, a few days after the quake shook the Padang Pariaman, foreign aid continues to flow.

One of them is from the Norwegian Government who are ready to disburse grants 20 million Norwegian Kroner, or $ 3, 5 million. The Norwegian government is channeling aid through the United Nations and International Red Cross.

Understandably, learning from previous earthquake experience, West Sumatra had failed to take the help of home improvement. It happened because the data they add different data verified by the central government. “I’ll have to be verified because of collapsed houses should be built and repaired damaged,” he added.

JAKARTA – SAS introduces SAS solutions ATM / Branch Cash Optimization (ABCO) to help retail banks in Indonesia increased their profits by reducing operating costs.

Currently, the retail banking business challenges to determine the appropriate cash at an ATM or branch offices without excess or shortage while reducing operating costs and improve customer service. Excess amount of cash in the ATM result in loss of income due to bank money available does not produce.

Amount of cash shortages caused customers reluctant to take money and reduce customer satisfaction. Indonesia has a unique geographical conditions and consists of many islands provide challenges for retail banks in providing the best customer satisfaction by providing the appropriate cash in each ATM or in branch offices with operational costs and effective insurance.

“Indonesia, which has many islands and diverse geographic conditions require special solutions when determining the exact amount needed at an ATM or in branch offices,” said Sonny Halili, SAS Regional Director, Asia Pacific, was quoted by his statement on Thursday (28 / 1 / 2010).

“ABCO SAS solution with the ability to predict future needs and provide high visibility for management to optimize cash at an ATM or in branch offices can help retail banks in Indonesia to reduce operating costs and insurance, customer satisfaction, and increase profits income, “he added.

ABCO SAS solutions for retail banking use forecasting solution that will help the bank management to estimate how much money they need at an ATM or branch offices based on previous transactions and the time factor into account holidays and special dates can encourage the use of ATMs and cash at ATMs.

ABCO solutions from SAS, the retail banking can compare the actual daily transaction reports to estimate the amount of cash that helps users find out whether the estimate is consistent with the estimates.

JAKARTA – In addition to producing the rupiah currency, Perum Peruri (Peruri) in fact also produces money Nepal and Mauritius, South Africa, who is now in the tendering process.

“Now there are in the tendering process is a coin from Mauritius, Southern Africa,” said Director of Commerce Peruri Gardjito Heru, after the launching of corporate responsibility programs in Peruri, Karawang, West Java, on Thursday (11/3/2010).

Concerning orders or tenders from Mauritius, Gardjito explained, did not make a big Peruri little value, but it is important for Peruri gate to open new markets across Africa. “We tried a strategy to take the African region,” said Gardjito.

However, Gardjito not deny the difficulty to find a new market segment today. “Of course not be easy, the competition is pretty tight now,” said Gardjito.

For that, Gardjito said, Peruri efficiency will continue to do to get lower prices, so they can compete. “Efficiency is doing so that we continue to get low prices. If a low price, of course we can Compete outside,” he said.

But when asked about the value of Mauritius is tendering money, Gardjito looks reluctant to answer. With hesitation, he finally mentioned the tender value is still below Rp50 billion.

“If dirupiahkan, its value is not too large, but the point is if we have entered a country, then to the front we could enter the country around,” he said.

For your information, not just Peruri printing paper money or coins and metals, but also valuable nonuang paper, such as excise ribbon, stamps, stamp, check, land certificates, diplomas, passports, and others.

But to him, Gardjito said, Peruri cooperation with Bank Indonesia will make a paper mill (the paper mill company). Because of all this paper to produce the money in the BI Peruri from local manufacturers and overseas. “There were seven to eight countries through a paper supplier tendering process by BI,” he concluded.

TOKYO – Japanese Finance Minister Hirohisa Fujii said, the United States dollar (U.S.) is still the strongest currency in the world. Naturally, if the Tokyo maintain a large stock of foreign reserves in U.S. dollars.

“Clearly, the U.S. dollar is still the strongest currency in the world,” Fujii said at a press conference yesterday. “This is what causes nations to maintain foreign reserves in a strong currency. It also contributes to further strengthen the U.S. dollar,” he added.

Currently, Japan is the second largest country after China in possession of foreign exchange reserves in dollars AS.Tokyo form did not provide details on the amount of foreign exchange reserves in dollars AS.Tapi form, most believe that Japan’s foreign reserves rose as a result of the strengthening yen intervention in the past.

Japan is believed to sell the yen as an effort to muffle the strengthening yen. Fujii said, Japan should not try, artificially, weakening their currencies to boost export competitiveness mereka.Namun, he also emphasized that Japan does not support the excessive yen strengthening.

In London, the euro exchange rate against the U.S. dollar rose to the highest position for 14 months. Euro traded at the price of USD1, 5035 or strengthened the position on Friday (23/10) at $ 1, 5007. Forex traders argue, pushed the euro to strengthen China-step increase ownership of the European currency.

While in Asia, the euro on Monday (26/10/2009) traded in the $ 1 level, 5064, or through the highest level on 11 August 2008.Nilai dollar against the yen on Monday, weakened to 91.76 yen from the day position 92.07 yen Friday. “Related financial news Central Bank of China (PBOC) is obtained from the research report said China will increase ownership euro and yen,” said analyst Brian Dolan Forex.com.

“Consequently, the euro exchange rate against the U.S. dollar rose to the highest position within the last 14 months.” China has increased investment for his own foreign exchange reserves worth $ 2, 27 billion to U.S. government bonds. Beijing also tried to diversify their investment into other currencies to increase the yield during the global financial crisis.