Economics

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.
Photographer: Dimas Ardian/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Karlis Salna and Tassia Sipahutar

April 7, 2020 at 8:24 AM UTC

Updated on

April 7, 2020 at 10:44 AM UTC

This article is for subscribers only.

Follow Bloomberg on LINE messenger for all the business news and analysis you need.

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.