Sunday February 15, 10:22 AM
UPDATE1 -Indonesia sees oil prices at $40 to $60/barrel in '09
By Andreas Ismar
JAKARTA, Feb 15 (Reuters) - Indonesia's Finance Minister said on Sunday that she estimates oil prices this year would be in the range of $40 to $60 per barrrel, and that Indonesia would stick to its 2009 budget assumption of $45 per barrel.
'The range is between $40 to $60 per barrel,' Sri Mulyani Indrawati told a press conference.
'Our price reference temporarily is at $45 for state budget calculation.'
But Indrawati added that the finance ministry would set the rupiah exchange rate at 11,000 per dollar in the state budget. The figures are subject to approval from the parliament.
'Foreign exchange would move around that level, it could weaken or strengthen,' she said.
($1=11,750 Rupiah)
(Reporting by Andreas Ismar, Writing by Sara Webb) Keywords: INDONESIA ECONOMY/
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