JAKARTA - Echoing a wider
move away from the US dollar, the Indonesian government and
the central bank, Bank Indonesia, may begin to use the euro
in export-import transactions and foreign-exchange
reserves.
The statement was made by Finance
Minister Boediono, Bank Indonesia governor Syahril
Sabirin and senior deputy governor Anwar Nasution here on
the weekend in connection with state oil company
Pertamina's plan to use the euro in its trade
transactions. "The US dollar is now still dominating
trade. It is possible to use [the] euro when it replaces
the dollar's position," the minister said.
Boediono said that if the US dollar
continues to weaken compared with other foreign currencies including
the euro, users of the greenback may seek more
stable currencies.
