"We are intervening," Nanang Hendarsah, Bank Indonesia's head of monetary management told Reuters when asked about whether BI was in the currency market to defend the rupiah.
JAKARTA: Indonesia’s president called on Tuesday for the immediate implementation of a plan to widen the use of biodiesel that his economic ministers hope will cut the country’s fuel import bill by billions of dollars and halt a decline in the rupiah currency.
Joko Widodo also sounded an alarm on the foreign exchange reserves of Southeast Asia’s largest economy, less than a week after he pleaded with exporters to bring home earnings they currently keep offshore to stem the slide in the rupiah.
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