Indonesia’s central bank expects billions of foreign funds to return

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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 -