Bank Indonesia (BI) is ready to intervene in the foreign exchange market again after the country’s currency almost hit an all-time low, an official at the central bank has said.
Fitra Jusdiman, BI’s director of monetary and securities asset management, said today (March 26) that the bank had always monitored the FX market and was ready to step in to support the rupiah, according to a report from Reuters.
The currency in recent weeks has been trading at its lowest level in 27 years. Yesterday, it
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