Indonesia onshore USD bond would not cure rupiah devaluation

Bank Indonesia’s plan to issue a debut onshore US dollar bond to stabilise the rupiah’s valuation may work in the short term, but the root of the country’s currency problems are policy based, say experts.

  • 12 Jun 2012
Bank Indonesia’s (BI) proposal to conduct an onshore US dollar bond issue to help balance international dollar outflows may well ease short term pressures on the rupiah’s valuation, but economists believe that the move would not cure the underlying structural problems that are crimping onshore liquidity in US ...

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3 HSBC 14,502.17 79 8.59%
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5 Standard Chartered Bank 8,423.03 47 4.99%

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5 Morgan Stanley 2,629.01 9 7.51%

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5 Standard Chartered Bank 3,538.08 13 6.50%

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