women shoes shop such as

operation offers with SBI. We will shift it to and focus on term deposits. ThereforeUSA Jerseys Wholesale fencing, we will coordinate with the government so that it will be able to offer short-term government bonds," he said on Friday.
According to Perry, the unavailability of short-term SBI will be filled with one and three month term deposits and the government's T-bills, while SBI issuance would focus on the six and nine-month maturity terms.
Term deposits are the central bank's monetary instrument to absorb excess liquidity in the banking industry. They are non- tradable in the secondary market and can only be obtained by banks, as opposed to SBIs, which are liquid in the debt market. SBI debt papers are currently available for nine-month maturity women shoes shop , while term deposits are offered for up to six months maturity.
Analysts have said that the SBI has often been misused by investors because the purpose of SBI issuance is to absorb excess liquidity women shoes shop , and not as an investment tool. Investors, however women shoes shop , have taken advantage of the high-yield of the short-term SBIs, increasing costs for the central bank to pay the interest.
"It's a good thing that BI will reduce SBI issuance because foreign investors buying SBI is actually a deviation as it is not an investment instrument. The government bonds, on the other hand women shoes shop , are an investment instrument which will be used to finance the state budget," Bank Danamon analyst Helmi Arman said.
Indonesia is among the most-discussed emerging markets in the world due partially to excess global liquidity seeking financial instruments for high returns.
In February BI temporarily stopped sales of its SBI notes with a maturity of less than nine months in order to help shift short- term investments to longer-term debt, a move that analysts said could help cope with the possibility of a sudden reversal of foreign funds that may damage the country's economy.
Perry said that BI's intention to reduce supply of SBI should also be supported by the government's shorter-term bonds, such as