Indonesia Tightens Rule on FX Purchases After Rupiah Hit New Record Low

🌐 Bloomberg (ID) —

AI Summary

In response to a weakening rupiah, Indonesia has implemented stricter regulations on foreign exchange purchases. This follows a series of record lows for the currency, aimed at stabilizing its value.

Indonesia further tightened rules on dollar purchases to support the beleaguered rupiah after the currency slumped to a series of record lows.

Politics Markets Indonesia rupiah fx regulation currency stabilization foreign exchange

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