Rupiah Slumps Ahead of Hearing on Indonesia’s Debt Monetization

(Bloomberg) — Indonesia’s sank by the most in two months ahead of a parliamentary hearing on the nation’s debt monetization plan, prompting intervention by the central bank. The currency dropped as much as 1.5%, its biggest decline since May 4. Even after the intervention, it was 1.3% lower at 14,570 per dollar at 2:05 p.m. […]

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