With the continued strengthening of the euro against the dollar, several export-driven companies are seriously considering switching to the euro. The national oil and gas company Pertamina is one such company. Although oil is currently traded internationally using US dollars, a finance official from Pertamina stated that the euro looks appealing since its been particularly stable as compared with the dollar, which is increasingly volatile against the Indonesian rupiah. "What is needed is a stable international exchange currency which is internationally recognised. The euro is the nearest alternative," said the official.
