amnesty program is turning out to be one of the world ’ s most successful repatriation program. a total of nearly 90, 000 people have participated in the program. the declared assets have reached 1, 030 trillion rupiahs with 69 % from domestic assets, 25 % from foreign assets not repatriated, and 5 % from foreign assets that is repatriated. this have well succeeded earlier market expectation of 30 to 50 billion usd or equivalent to 390 to 650 trillion rupiahs ( if using exchange rates of 13, 000 rupiahs per usd ) in declared assets. most economist expect the amounts to be doubled by next march to about 2, 000 trillion rupiahs and create fiscal income ranging around 0. 3 to 0. 5 % of total gdp. 11. i am also delighted to share that based on the economist, asia business outlook survey 2016, indonesia is among the top three most attractive destination to invest in asia after india and china. also, according to japan bank for international corporation ( jbic ) survey, amongst the asean countries, indonesia is the most preferred place for business investment. this is in line with the world bank ’ s ease of doing business ( eodb ) 2016 survey, whereby indonesia is ranked at number 109, up by 11, for ease of doing business out of 189 surveyed countries. distinguished guests, ladies and gentlemen, 12. this pre annual investment forum is expected to provide our reserve management department with valuable insights on the global economic and market outlook of 2017. we hope this forum will provide us with a more comprehensive overview on the current and future investment challenges to better manage our reserves in future. 13. therefore, i have high expectations that this forum will bring - in new insights on how as an investor we can seize the opportunity for better page 4 of 5 pre annual investment 2017 returns amidst higher volatility, whilst maintaining the common central banks principles of safety, liquidity, and profitability. 14. before we start the discussion, please allow me to thank the committee for their hard work in preparing this event. also, i would like to thank all the speakers, respectable asset managers and my colleagues from bank indonesia for the willingness and enthusiasm to participate in this event. 15. with that final note, i hope this forum can continue to have a positive impact on our reserve management strategy, specifically in seizing a workable strategy that optimizes our investment goals, while minimizing our risk. may the almighty bless us and light

. ladies and gentlemen, to achieve the goals mentioned above, the cooperation among issuing authorities and currency industries should be further deepened. this cooperation will provide safeguard to the proprietary techniques solely used to produce national currencies amidst the development of many security features and printing techniques today. therefore, governments and security businesses involved, must constantly adjust their whole range of currency operation and management system from design, production, distribution, and destruction process. in this dynamic situation, communication and information sharing will help all members of the currency community to better understand and respond to the ever changing environment. communication brings knowledge, which in turn means greater understanding for the community as a whole. however, communication does not necessarily mean revealing information that should be kept confidential nor does it mean disclosing commercial secrets or proprietary information. ladies and gentlemen, in this spirit of communication, i believe that the presence of our fellows from banknote security industry and other related institutions in this seminar will provide us an opportunity to obtain more valuable information that can broaden our perspective. in addition, information sharing among central bankers regarding experiences in managing our respective currencies could help each of us to improve efficiency and effectiveness in our daily job. finally, may i now take a great pleasure in declaring the seminar open and wishing this event a great success. have a pleasant stay in bali. wassalamu ’ alaikum wr. wb. thank you.