Indonesia Central Bank Conducts 'Bold' Intervention to Support Rupiah

December 13, 2024, 04.38 PM
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.

Read Also: Dollar Set for Best Week in a Month on Cut-Then-Wait Fed Outlook

Thanks for reading Kontan English.
Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!
Latest News