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BI mulls accumulating global sukuk as syariah buffer


JAKARTA: Bank Indonesia (BI) is weighing the use of sukuk issued by other countries in its monetary operations as demand for syariah-compliant securities surge among lenders in the world’s largest Muslim-majority country.

The central bank is discussing whether to add more foreign sovereign sukuk to its reserves to be used as an underlying asset for Sukbi, a monetary instrument for liquidity operations, according to deputy governor Dody Budi Waluyo.

Banking , Indonesia

   

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