Indonesia Central Bank Conducts 'Bold' Intervention to Support Rupiah

December 13, 2024, 04.38 PM
Indonesia Central Bank Conducts 'Bold' Intervention to Support Rupiah

ILUSTRASI. Indonesia central bank has intervened in the foreign exchange market in what it called a "bold" way to maintain market confidence in the rupiah. REUTERS/Willy Kurniawan

Source: ReutersEditor: Yudho Winarto

FOREX - JAKARTA. Indonesia central bank has intervened in the foreign exchange market in what it called a "bold" way to maintain market confidence in the rupiah, which fell to a four-month low against the dollar earlier on Friday.

"We entered the market with a quite bold triple intervention," Bank Indonesia's head of monetary management department, Edi Susianto, told Reuters.

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