Clampdown on speculators in Asia
FRONT PAGE NEWS
Last Thursday, Indonesia became the latest to curb short-term inflow of real money into and out of the country, with the central bank announcing new FX controls that will become effective on July 14. The regulations include a new cap on the permitted size of FX derivatives transactions with foreign counterparties at $1 million where there is no underlying investment, and the introduction of a three-month minimum tenor on underlying investment and hedging on such transactions.
Claudio Piron, FX
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