Indonesia: Central bank purchases 1.6 bln USD worth of G-bonds World

Indonesia: Central bank purchases 1.6 bln USD worth of G-bonds

Indonesia’s central bank (BI) has bought 1.6 billion USD worth of government bonds in the primary market, underlining its commitment to remain active in it as the country faces a burgeoning state budget deficit due to the rising cost of COVID-19 mitigation efforts.
Indonesia reduces rates again due to low growth World

Indonesia reduces rates again due to low growth

Indonesia’s central bank (BI) slashed interest rates on September 19 for the third month in a row as Southeast Asia's biggest economy is affected by the US-China trade war and slow global growth.
IMF raises funds to aid quake-tsunami survivors in Indonesia World

IMF raises funds to aid quake-tsunami survivors in Indonesia

The International Monetary Fund (IMF)’s staff have raised a total of 2 billion Rupiah (around 131,000 USD) to assist survivors of earthquakes and subsequent tsunami in Indonesia’s Central Sulawesi province as well as quake-affected people in Lombok, West Nusa Tenggara province.
Indonesia strives to stop currency’s sharp plunge against USD World

Indonesia strives to stop currency’s sharp plunge against USD

Indonesia has spent 11.9 trillion rupiah (about 796.7 million USD) in total through several market operations to reduce the pressure from depreciated value of the national currency against the USD, the governor of the country’s central bank said on September 5.