Senior deputy plays down Indonesia’s external debt burden
Mirza Adityaswara says debt burden safer than it looks and defends domestic rupiah mandate
A top Indonesian central banker has played down the country’s external debt burden while defending a recent requirement that domestic transactions be made in rupiah.
Speaking at a Credit Suisse conference in Hong Kong today (April 7), Mirza Adityaswara, Bank Indonesia’s senior deputy governor, sought to nuance concerns over Indonesia’s $168 billion in foreign liabilites, suggesting the headline figure was misleading.
Corporate debt accounts for $135 billion of the total sum, Adityaswara
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