Bank Indonesia Will Stay in Currency Market to Boost Confidence
By Shamim Adam
March 5 (Bloomberg) — Bank Indonesia will remain in the currency market to boost confidence in the rupiah, Deputy Governor Hartadi Sarwono said.
Indonesia’s $50 billion foreign-exchange reserves may not be enough to support confidence, Sarwono said in Singapore today. The reserves would have been enough in normal time, he said.
To contact the reporter on this story: Shamim Adam in Singapore atsadam2@bloomberg.net