01-26-2021, 02:37 PM
Indonesia’s central bank expects billions of foreign funds to return – supporting the rupiah
- Indonesian rupiah is expected to strengthen further against the U.S. dollar as foreign investors could pile billions back into the country’s financial market, said Perry Warjiyo, governor of Bank Indonesia.
- The currency has has stayed roughly flat against the U.S. dollar this year, after losing 1.1% to the greenback in 2020 at the height of the Covid-19 pandemic.
- Warjiyo estimated an inflow of around $19.6 billion of foreign funds this year into the Indonesian
financial market.- More -