JAKARTA (Reuters) – Indonesia’s central bank and the U.S. Federal Reserve have been “discussing intensively” for a potential currency swap and repurchase line, Bank Indonesia (BI) Governor Perry Warjiyo told a call with investors on Thursday.
BI has also discussed using or increasing the $30 billion equivalent bilateral swap line it has with China, Warjiyo said.
Indonesia has swap lines with Japan and Singapore as well, and a regional swap initiative it also could use to bolster its foreign exchange reserves, he said, although adding that the current level of reserves was still considered “adequate”.
Indonesian financial markets have been hit by capital outflows related to the coronavirus pandemic.
(Reporting by Tabita Diela, Fransiska Nangoy and Gayatri Suroyo; Editing by Tom Hogue)
