11. Dealers said the market was waiting for the government to outline plans for a currency board that would peg the value of the rupiah to the U.S. dollar. 12. It replaces a system that lets oil companies set arbitrary values at the wellhead with one that will peg the value to a market indicator. 13. The IMF is also worried about a proposal by Suharto to peg the value of the rupiah to the U.S. dollar through a currency board. 14. The Interior proposal would require that oil value be pegged to a fair market indictor instead of oil companies setting the value arbitrary at the wellhead. 15. The IMF is also concerned about a controversial proposal by Suharto to peg the value of the rupiah to the U.S. dollar through a currency board. 16. The IMF was also worried about a plan being considered by Suharto to stabilize the rupiah by pegging its value to the U.S. dollar through a currency board. 17. The IMF was worried about a plan being considered by Suharto to stabilize the rupiah by pegging its value to the U.S. dollar through a currency board. 18. U.S. interest rate moves are typically followed by Hong Kong, which pegs the value of its currency to the U.S. dollar. |