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Indonesia Says New York Fed Offers $60 Billion Credit Line

  • Central bank sees facility as a buffer to meet liquidity needs
  • Foreign exchange reserves slumped $9.4 billion in March
Traffic moves down a road in the central business district in Jakarta.

Traffic moves down a road in the central business district in Jakarta.

Photographer: Dimas Ardian/Bloomberg
Updated on

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Indonesia’s central bank said the New York Federal Reserve will provide it with a $60 billion repurchase facility to help with liquidity needs amid a dollar shortage triggered by the coronavirus outbreak.