NO. 33



Indonesia Plays Down Non-Dollar Oil Pricing Proposal

Indonesian Mines and Energy Minister Ida Bagus Sudjana said last week thathis country has no plans to switch to nondollar oil pricing and doubted whethera switch, if it takes place, would make a difference. Mr. Sudjana said inJakarta on 8 May that "we must study very carefully if we want to switch toanother currency, including Japan's yen. Indonesia believes there will be nodifference if we sell oil in yen...