Politics
Indonesia Set to Boost Cash Placed in State Banks to $22 Billion
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Indonesia Set to Boost Cash Placed in State Banks to $22 Billion The Indonesian government will put an estimated 400 trillion rupiah ($22 billion) of its standby funds in state-owned lenders to keep on fueling economic growth, according to its finance chief. The government currently keeps some 200 trillion rupiah in long-term placements in state banks, Finance Minister Purbaya Yudhi Sadewa said in a briefing in Jakarta on Friday. They had reduced it several weeks ago, but it tightened liquidity.
Indonesia Set to Boost Cash Placed in State Banks to $22 Billion
The Indonesian government will put an estimated 400 trillion rupiah ($22 billion) of its standby funds in state-owned lenders to keep on fueling economic growth, according to its finance chief.
The government currently keeps some 200 trillion rupiah in long-term placements in state banks, Finance Minister Purbaya Yudhi Sadewa said in a briefing in Jakarta on Friday. They had reduced it several weeks ago, but it tightened liquidity.