Top central banker defends Indonesia’s hedging requirement

Bank Indonesia’s senior deputy says the country’s $168bn foreign debt burden is safer than it looks

indonesia-rupiah
Rupiah mandate: Mirza Adityaswara says Bank Indonesia is reducing "unnecessary demand" for the US dollar

One of Indonesia's top central bankers has defended a decision requiring domestic companies to hedge 25% of their foreign liabilities while playing down the country's external debt burden.

Speaking at a Credit Suisse conference in Hong Kong on April 7, Bank Indonesia's senior deputy governor, Mirza Adityaswara, said 80% of companies reporting offshore debt already comply with the mandatory hedging requirement, which one audience member described as unique.

He said that while hedging is "not

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: