Maintain Stable Prices Of Basic Materials, BI Strengthens Collaboration With Traders

Basic necessities (Photo: between)

JAKARTA - Bank Indonesia (BI) strengthens collaboration with market traders. This is to maintain price stability for basic commodities (bapok) in Manado City, North Sulawesi Province (Sulut).

BI Deputy for North Sulawesi Renold Asri said BI North Sulawesi together with the Regional Inflation Control Team (TPID) continued their commitment to maintain commodity price stability by involving collaboration with traders.

BI North Sulawesi, he said, gave support at the Declaration of Management of the Manado City Traditional Market Traders Brotherhood Association (P4T) which was held at the Manado City Healthy Market.

The Manado City Traditional Market Traders Brotherhood Association is a forum set formed by, from, and for traditional Manado City market traders in order to increase the sense of unity and brotherhood among market traders operating in Manado City.

"With the formation of this merchant association, we hope that this will facilitate active collaboration and partnership between TPID and traditional traders in an effort to smooth food distribution which often affects price stability in Manado City," he said, quoting Antara.

Bank Indonesia provided a vest that reads "North Sulawesi Inflation Guard Traders" to all elected administrators as a form of Bank Indonesia's partnership with P4T in supporting price stability and inflation control programs through the National Food Inflation Control Movement (GNPIP).

Through the synergy between the Regional Government and Bank Indonesia, which are members of TPID and traditional traders, it is hoped that it can create a stable inflation condition that is able to prosper farmers/producers, traders, as well as the entire North Sulawesi community.