Trade Reward
No-Cents Trading
Tuesday, November 20, 2001
Since the monetary crisis began, Indonesia has been signing bilateral trade agreements without using the US dollar currency. Although this kind of trade is profitable, not a single agreement has been implemented because the banks are not ready for the necessary transactions.
arsip tempo : 178042599427.
Indonesia and the Philippines were both hit hard by the monetary crisis. Since 1997, the US dollar has become increasingly expensive. Even so, the two countries still continue to use the currency because trade must go on. But trading at a time when the state is desperately short of foreign exchange, is sure to result in losses. After all, there is only a limited amount of dollars in stock. So, why do we keep on using the dollar currency, then? Th...
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