10 Stages Economic Stability (1)

The government set a 10-step in the stabilization of the economic situation for the global financial markets are weakening.

Ten steps is the result of the Cabinet meeting held on Tuesday (28/10/2008). The decision is read by Coordinating Minister for Economy at the same time the Ministry of Finance Sri Mulyani Indrawati.

Finance minister also accompanied by BI Governor Boediono, Menneg Owned Enterprises Sofyan Djalil and Mendag Mari Elka Pangestu.

"10 steps we do to maintain economic balance so that there is no interference, and that too many people to keep off from the impact of that is not profitable," said Sri Mulyani. Here are 10 steps:

1. Maintaining sustainable balance of payments or foreign exchange, to require all state-owned enterprises put all valasnya result in a bank in the country in 1 clearing house. SOEs are required to report information about the needs of foreign exchange earnings and to the office of state-owned enterprises and ministries transactions conducted through banks (Bank SOEs) are updated weekly and every day.

2. Maintaining sustainable balance of payments or foreign exchange, and accelerate infrastructure development by accelerating the implementation of the projects that have received financing commitment of both bilaterally and multilaterally.

3. Maintaining the stability of liquidity and prevent price war with the state-owned instructed not to transfer funds from bank to bank.

4. Maintaining confidence in the market against the perpetrators of the State Utanga do with the market stabilitsasi SUN namely the government, together with BI SUN purchase in the secondary market. Purchase back SUN done gradually, as measured in the amount.