Indonesia's central bank threatens forex intervention

  • Bank Indonesia will step in to buy the rupiah if necessary
central bank

Indonesia's central bank pledges to defend rupiah through currency intervention, comments from a senior official at the Bank.

Bank Indonesia's head of monetary management

  • will ensure the rupiah exchange rate against the US dollar reflect the currency's fundamentals
  • will defend the currency through mechanisms including market intervention

The rupiah and the Indonesian stock market were rocked protests in Jakarta on Friday.

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