Indonesia's central bank unveiled on Wednesday a set of measures intended to stabilise the country's beleaguered currency
JAKARTA: Indonesia's central bank unveiled on Wednesday a set of measures intended to stabilise the country's beleaguered currency, which tumbled to its lowest levels since 1998 in the third quarter.
Key steps include the planned issuance of Bank Indonesia certificates in foreign currency and central bank intervention in the forward market for rupiah, in order contain expectations on how much more it might depreciate.
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