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Indonesia to be cautious on timing of foreign currency bond issuance -Finance Minister

JAKARTA : Indonesia will be cautious on the timing of its 2022 foreign currency bond gross sales denominated within the U.S. greenback, euro and the Japanese yen, in view of rising rates of interest globally, the nation’s finance minister stated on Wednesday.

“We will continue to calibrate the optimalisation of (debt in) foreign currencies versus domestic issuance. We will monitor market conditions to determine the right timing and size,” Sri Mulyani Indrawati informed a web based information convention.

The minister additionally stated Indonesia’s financial exercise within the first quarter shouldn’t be affected an excessive amount of by a brand new wave of COVID-19 circumstances, pushed by the Omicron variant, as a result of vaccination charges had been now greater than in earlier an infection waves.

(Reporting by Gayatri Suroyo and Fransiska Nangoy; Editing by Ed Davies)

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