form of hardwares and softwares which securities have to be assured. 5. in implementing the function of cash payment system, bank indonesia has money storage treasury that highly needed for ensuring the availability of cash in sufficient nominal amounts as well as fractions to meet the public needs. this treasury is also bis central bankers ’ speeches highly required for storage of the state foreign exchange reserves in the form of gold. 6. meanwhile, to support non - cash payment system, bank indonesia also has various vital payment system instruments such as real times gross settlement ( rtgs ) system, sistem kliring nasional - skn ( national clearing system ) and data centre which must function safely, smoothly and efficiently. 7. how important the roles of the various assets or system can be seen, among others, from the value of the transaction or money deposited. the rtgs system currently serves transaction settlements with an average value of rp 469 trillion per day and sknbi serves banking clearing transactions with an average value of rp 11 trillion per day. meanwhile, the amount of cash money ready for circulation both in the treasuries of bank indonesia ’ s head office and representative offices in the regions in the month of january has reached approximately 222 trillion. 8. another important activity of money circulation that requires escorting is the distribution of money. this activity includes among others the delivery of money fit for circulation from peruri to bank indonesia ’ s head office and delivery of money from bank indonesia to the centres of public economic activities such as clean money policy program or money distribution in order to maintain the availability of cash money in remote areas. 9. disruption and threats against various assets, system and smooth distribution of money, which naturally can harm the economy in the republic of indonesia. 10. therefore, bank indonesia requires personnel support from the state police of the republic of indonesia that capable to implement the duties of securing and escorting with qualification and competency in confronting disturbances and threats of security with high intensity, which in this case owned by the brimob ( mobile brigade ) corps of polri. 11. this good cooperation and coordination needs to be poured into a clear and transparent mechanism, in accordance with the duty and authority of bi and polri, and shall refer to the applicable laws and regulations by considering the principles of justice, benefit and legal certainty. 12. we welcome the signing of the work guidelines concerning the “ procedures for implementation of securing bank indonesia and escorting state - owned valuables ”. this work guidelines

the impact of exit policies in advance economy which will differ in term of speed and magnitude, depending on each country ’ s specific economic character. given this, a faulty exit strategy of the advanced economies could easily spill over into smaller economies, swamping our efforts to deal with the slowdown. managing an exit from the current policy settings as growth recovers poses another test for emeap central banks to that hard - won credibility. with inflation in the process of bottoming out and the recent data flow in emeap countries suggesting a clear recovery in economic activity, we all find ourselves pondering the risk that the economic stimulus provided by fiscal and monetary policy makers might be withdrawn earlier compared to advance economy. in this regard, i believe that monetary policy credibility is particularly crucial to the countries ’ growth risk premium, which is judged by historical inflation volatilities. for some countries, given the inflation volatilities are historically high, a more pre - emptive monetary policy response is warranted in order to anchor inflation expectations. provided that improving balance of payment positions, for countries which historically have strong pass - through from exchange rate changes to inflation expectations such as in indonesia, stronger exchange rates will also be important to keep inflation expectations well - anchored without necessitating to aggressively increase interest rates and hurting the growth recovery. in other words, a strong exchange rate can serve as an effective anchor to inflation expectations. this will be important throughout as higher global commodity prices in 2010 could begin to translate into higher inflation expectations. finally, every country has a stake in the sequencing and magnitude of the strategies of the large economies. the impact of global exit on smaller economies could manifest in a return of recessionary tendencies as well as balance of payments ( bop ) problems, which have generally not been a significant feature so far. imf programs have conventionally been oriented to dealing with bop crises. in the current scenario, the larger resource base may have to be deployed with much more flexibility to help particularly smaller economies to deal with the potentially recessionary impact of exit — a kind of global macroeconomic safety net. some operating guidelines for such a program need to be quickly developed. thank you.