Deputy Governor of Bank Indonesia, Ronald Waas, said the time zone would facilitate the unification of the payment transaction banking, as performed at the same time. BI do not see any harm in the idea.Ronald awaiting review and Coordinating Minister for Economic Affairs in this regard. BI do not know exactly how the plan expressed by the government.
However, the unification plan was more favorable time zone, because the whole area can trade at a time. "Those who have been awake to sleep. Simply put it that way. But, when put together even easier," said Ronald at Hotel Borobudur, Jakarta, Wednesday, March 14, 2012.The unification of these time zones are set forth in the Master Plan to Accelerate Economic Development and Expansion of Indonesia. Head of Public Relations and Promotion Committee on Economic Development Acceleration and Expansion of Indonesia, Edib Muslim states, a single time zone will add 500 billion(Dollar INDONESIAN) a day trade.
The increase came as traders from the region of Central Indonesia Time (pm) and East Indonesia Time (CDT) can be a time in Jakarta. No time wasted waiting for one or two hours of trading on the Jakarta opened.Even so, a single zone is planned to follow the local time zone eight hours ahead of Greenwich Mean Time (GMT), or an hour faster than the West Indonesia Time (GMT).
Earlier, the Governor of BI, Nasution, judging from the business side, the time difference has a lot of sense. Examples are easy to see the capital markets. If on the Jakarta stock market closing at 16.00 pm, the market actually closed two hours ago in eastern. "If the time it's different now," he said.
Nasution said that if Indonesia does not have the time difference, and other transaction costs will be much cheaper.>
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