Want MoF Treasury Manage Part

KOMPAS.com - The government wants to manage the state treasury. Government funds that had been placed on the Bank Indonesia (BI), some will be placed in a variety of portfolios.

The Ministry of Finance will build a treasury dealing room, which is expected to operate this September. Preparations have been made in the form of infrastructure and human resources.
Rudy Widodo, Managing Director of State Treasury Directorate General of Treasury, Ministry of Finance suggests, one of its consideration, the amount of cash the state in a given time hundreds of trillions of dollars.
"During this time, the cash is in BI. Ministry of Finance to obtain remuneration from it. It was as if in banking, we get flowers, "says Rudy in New York, USA, last week.
Therefore, if the treasury dealing room set up and operate, the Ministry of Finance will talk first with BI. The talks include coordination with BI, which plays a role in monetary stabilization.
MoF need advice from BI, such as the right amount so as not to disrupt the market.
"The people who are placed in the treasury dealing room already exists. Still have internships at the bank first to perform the functions and duties of treasury dealing, "said Rudy.
Rudy explains, managed MoF treasury through treasury dealing room it will be placed on financial market portfolio. Among others in the money market, bond market, and the repo and reverse repo.
For money market portfolio, the risk is controlled by limiting the auction to certain banks. As for the bond market, specifically the secondary bond market.
Head of Group Public Relations Difi Ahmad Johansyah Bank Indonesia said the plan to open the treasury dealing room must be based on Law No. 1 of 2004 on State Treasury. Mentioned in the law, the government can only open the public treasury and the state account in the Central Bank and to open an account and expenditure on clearing banks.
BI do not know the exact steps that the Ministry of Finance will make their own trading portfolio. Especially when it comes to forex trading in dollars. (Goddess Indriastuti, from New York, United States)
Sources: http://bisniskeuangan.kompas.com/read/2013/02/21/07502329/