1. Sabirin was controversial then for his support of a proposal to peg the rupiah to the value of the dollar, which the IMF adamantly opposed. 2. Or is Indonesia being punished for trying to peg the rupiah to the dollar, against the advice of the IMF? 3. Pegging the rupiah to a fixed rate, seen as the only way of restoring currency stability, for example, would not work without public and market confidence. 4. A board would peg the rupiah against the dollar at a fixed exchange rate. 5. A currency board would peg the rupiah at a fixed rate against the dollar. 6. A currency board would peg the rupiah to the dollar at a fixed exchange rate, stripping the central bank of control over monetary policy. 7. Dealers said foreign market players were reluctant to take any long position on the dollar on reports that the government would peg the rupiah to the greenback. 8. Foreign lenders have strongly opposed a currency board, which would peg the rupiah at a fixed rate against the dollar. 9. He said that he was still considering the implementation of a currency board system that would peg the rupiah at a fixed exchange rate to the dollar. 10. He said Indonesia must leave the floating exchange rate system and return to a fixed exchange rate by pegging the rupiah to the U.S. dollar. |