Indonesia going ‘all out’ to prop up rupiah, governor says
Warjiyo says it is ‘not business as usual’ following $1.7bn outflows from foreign portfolio in Q1
Indonesia’s central bank will carry out global, 24/7 foreign exchange market interventions to prop up the rupiah, its governor has said.
Speaking before a government finance committee on May 7, Perry Warjiyo said Bank Indonesia (BI) would maintain the currency’s exchange rate against the dollar with measures including interventions in the spot and domestic non-deliverable forward (DNDF) markets. “This is not business as usual – we are all out,” he said, according to a report from the country’s
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