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Bank Indonesia relaxes derivatives rules to rein in rupiah

It aims to double the role of such contracts in onshore forex market by 2020

The changes will provide more avenues for local companies to hedge their foreign currency debt.


BANK Indonesia is relaxing rules on derivatives in an attempt to double derivatives' role in the onshore foreign exchange market by 2020 and rein in swings in Asia's most-volatile currency.

The central bank wants to raise the proportion of such contracts including forwards

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