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Indonesia seeks to reduce dollar reliance

Bangkok Post LogoBangkok Post1 mo ago

Indonesia seeks to reduce dollar reliance - Bangkok Post

Quick Summary:

Indonesia’s central bank is seeking to reduce the country’s reliance on the US dollar, with plans to allow domestic transactions of non-deliverable forward contracts (NDFs) in other currencies and to strike more agreements on local-currency settlement.

The central bank’s market interventions should be adequate to keep the rupiah stable until then, he added.

Bank Indonesia previously said such transactions would grow 10% this year.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 13:59:00 (1 months ago)

News Timezone: GMT +8:00

Ranking: #1489 (out of 3440 stories this day)

News Source URL: bangkokpost.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 615396

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About Bangkok Post

Main Topics: Economy

Official Website: bangkokpost.com

Update Frequency: 14 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 9 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

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Bangkok Post is a fully independent (privately-owned) news outlet established in 1946 that covers mostly economy news.

The outlet is headquartered in Thailand and publishes an average of 14 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #615396
  • URL: https://beamstart.com/news/indonesia-seeks-to-reduce-dollar-16644375797358

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