Indonesia intervenes in currency markets
text size

Indonesia intervenes in currency markets

JAKARTA - Indonesia's central bank has intervened in the spot foreign exchange and domestic nondeliverable forward markets to prevent high volatility in the rupiah currency, an official said on Monday.

The rupiah fell 0.8% to 15,325 a dollar earlier on Monday, the weakest level since March.

Edi Susianto, head of Bank Indonesia's monetary management department, told Reuters the intervention was meant to "ensure a good balance of supply and demand".  

Do you like the content of this article?