Indonesia will pull back 75 trillion rupiah ($4.49 billion) of government cash it had planned to park in state-owned banks, citing the initiative’s limited impact on boosting lending in Southeast Asia’s largest economy.
Indonesia will pull back 75 trillion rupiah ($4.49 billion) of government cash it had planned to park in state-owned banks, citing the initiative’s limited impact on boosting lending in Southeast Asia’s largest economy.
Traffic in the central business district in Jakarta, Indonesia, on Monday, Oct. 6, 2025. Indonesia’s foreign reserves fell by $2 billion as the central bank stepped up its efforts to defend the weakening rupiah. Photographer: Muhammad Fadli/Bloomberg
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