May
10
Indonesia Has a $22 Billion Buffer for Defending Its Currency, Bank of America Says
ByForeign reserves would need to drop to $110 billion, from the $124.9 billion recorded at the end of April, to signal an “aggressive and persistent depletion,” said Singapore-based strategist Rohit Garg. That’s unlikely to happen based on recent history, he said. On top of that, Bank Indonesia closed its forward books recently, giving it another $7 billion, he said…
Indonesia Has a $22 Billion Buffer for Defending Its Currency, Bank of America Says
