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.
This article was written by Eamonn Sheridan at investinglive.com.