- August 23, 2021
- Posted by: admin
- Category: Daily News
- Indonesia’s central bank and the finance ministry have signed an agreement to allow Bank Indonesia to directly buy sovereign bonds worth up to IDR439tr (USD30.46bn) in 2021 and 2022.
- The proceeds, up to IDR215tr for 2021 and IDR224tr in 2022, will be used to fund the government’s vaccination campaign and other COVID-19 relief measures, it reported.
- Bank Indonesia will relinquish interest payments for bonds worth IDR58tr in 2021 and IDR40tr in 2022, but the rest of the notes will carry a floating interest rate equal to the central bank’s three-month reverse repo rate.
External Link : https://www.reuters.com/article/idUSL4N2PU26N/