Currency exchange dollars transacted in Jakarta interbank moved higher on Monday morning 13 points to Rp11.427 than ever in a position Rp11.440 per U.S. dollar ( U.S. ) .
Financial Services Authority ( FSA ) to support the development of domestic bond markets as investors based long-term financing instruments needed in infrastructure development .
" Now we 're doing a joint program with Bank Indonesia , the government , especially the Ministry of Finance and the self-regulation organization ( SRO ) to develop the debt market or bonds , " said Vice Chairman of the Board at Tanjungpandan FSA Waluyanto , Belitung Regency , Bangka Belitung Province , Saturday.
Rahmat said bond comprises several types of government securities , corporate bonds , and municipal bonds
According to him , in addition to a long-term instruments needed for infrastructure financing , bonds are also needed to assist the development of non-bank financial industry , especially insurance and pension funds .
" The insurance industry and pension funds that's liabilities or obligations are long-term , " he said .
He mentioned during the provision of long-term instruments for the insurance industry and pension and still less for the corporate bond market is underdeveloped .
" So with the development of the securities market would help the insurance industry and pension funds to manage asset liability , so as not mismacth asset management liabilities , " he said .
He said the development of the bond market in terms of both institutional and retail investors should be performed simultaneously . " For retail investors , should do more socializing , " he said .
According to him , in the stock market , has a lot of socialization and education to the community so that they can develop faster .
Regarding the reasons for the development of the bond market take precedence , Grace said , the development of the bond market will help the insurance industry and pension funds . In addition emitennya also not only the company but also the state or government, including local government . "If the only company share issuance ," he said .
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