INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 21.08

+0.6%

3:59 PM EST

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To: Rational who wrote (281)	2/9/1998 9:48:00 PM
From: Tony van Werkhooven	Read Replies (1) of 947

Sankar, anyone with thoughts on the topic- There is discussion now on the establishment of a currency board in Indonesia. How likely that this will actually happen? What are some of the considerations in establishing the rupiah/dollar relationship? Would this relationship be fixed- as it is with Argentina or could it include a creeping adjustment (similar to Brazil)? Would 5000 rupiah/dollar be a feasible and sustainable level to set the exchange rate, given the current level , slightly below 10,000? It seems that a 5000 level, if it could be sustained, could solve much of the current crisis and restore a degree of confidence without hurting competitive position. Thanks for any comments Tony

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