VIVAnews - Indonesian Finance Minister Sri Mulyani Indrawati said that within the past five to ten years, the expectation over Indonesia's debt has improved.
"Concerning the Indonesia's expectation over its state bonds due to the quite solid State Budget, the performance of our bonds has improved significantly toward its yield of five to ten years," she said on Tuesday, Feb 9.
The finance minister believed as well that the market can still absorb bonds.
As regards the European debt crisis, the government will continue monitor the appreciation of euro against US dollar. The reason for this is that two years ago, euro was seen as the most reliable currency on the globe due to the upstanding economy of European region. Today, most European countries are facing economic decline.
The crude oil prices in the Wall Street are nearing US$72 per barrel. The low prices lured investors to take the buy option.
However, oil prices may still fall as investors are in due concern over the debt crisis in Greece, Spain and Portugal.
--
Translated by: Bonardo Maulana Wahono
