Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >> Economyt  >> Indonesia wants more bilateral forex swaps to aid rupiah
NEWS UPDATES Asean Affairs   26 September 2013  

Indonesia wants more bilateral forex swaps to aid rupiah

INDONESIA'S central bank plans to make a currency swap deal with South Korea in addition to one it is expected to sign next week with China, Industry Minister M S Hidayat said yesterday.

He said it also would try to increase one it recently signed with Japan to add to its arsenal to defend the rupiah, which is Asia's worst performing currency after falling some 16 per cent this year.

But the director general of the Bank of Korea's international department, Ryoo Sang-dai, denied there was any deal. He declined further comment.

A spokesman for Bank Indonesia, which would be responsible for any currency swap deals, declined comment.

He said there were negotiations but did not name any country.

"Probably China will sign it on October 2-3, when the Chinese president visits Indonesia.

"We have asked (the information) to be announced immediately as it will give a positive signal to the market," Indonesia's industry minister said after a meeting on the economy with government officials and the central bank.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    26  September 2013 Subsribe Now !
• 14th Informal ASEAN Ministerial Meeting on the Environment Subcribe: Asean Affairs Global Magazine
• Govt pumps in S$50m to help technology start-ups Asean Affairs Premium
• Singapore as development role model for Myanmar: Suu Kyi
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Indonesia wants more bilateral forex swaps to aid rupiah
• ASEAN to overtake US as China's 2nd largest trading partner
• Singapore PM hopeful for Asean
• Myanmar to lead ASEAN migrant workers’ rights discussion
Asean Analysis           26 September 2013 Advertise Your Brand
• Asean Analysis- September 26, 2013
Laos looks for more workers
• Asean Weekly:The Biweekly Update 20 September 2013
Asean Stock Watch     25 September  2013
• Asean Stock Watch-September 25, 2013 

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand