With a greater market volume certainly help alleviate the past perception where the central bank was perceived as the sole main supplier of US dollar. 12.
Likewise, there is a greater transparency in the foreign exchange price discovery and JISDOR (Jakarta Interbank Spot Dollar Rate) has been well accepted by the market, including by the ABS Singapore formally as spot reference for NDF market in last February 2014. Managing short term volatility Ladies and Gentlemen 11.