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Indonesia Plans Stimulus to Woo Investors as Rupiah Falls

Indonesia said it will increase foreign-currency supply to stem a sliding rupiah, while allowing more mineral exports this year to narrow a current-account deficit and spur economic growth.

The government will relax mineral-export quotas, introduce a simpler investment-permit process and accelerate some infrastructure projects, Coordinating Minister for the Economy Hatta Rajasa said in Jakarta today. Bank Indonesia will extend foreign-exchange term deposit tenors and ease regulations for foreign-exchange transactions, Governor Agus Martowardojo said.