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Business 6 years ago
Bank Indonesia announces 5 measures to support rupiah amid market rout
Bank Indonesia (BI) announced Monday five measures to stabilize the rupiah as foreign investors sold off Indonesian financial assets from stocks to bonds and after Indonesia officially reported its first coronavirus cases.
Business 6 years ago
BI continues to intervene in markets as foreigners sell Indonesian securities
Bank Indonesia has pumped Rp 87 trillion (US$6.2 billion) into the domestic bond and forex markets so far this month as big sell-offs sent stock markets around the world into a tailspin amid fears over the global spread of the coronavirus.
