CURRENCY BRIEFS
CURRENCY BRIEFS
INDONESIA INTRODUCES NEW FX RULES
The Central Bank of Indonesia has introduced preventative measures to shore-up recent losses to the rupiah, which experienced increased volatility over the last few months.
Onshore banks in Indonesia have been given a new limit of $3 million that they can lend to offshore institutions for non-investment purposes. The previous limit was $5 million.
Although the International Monetary Fund has asked the Indonesian Central Bank to clarify its position on what the new
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