Indonesia cbank sees no fallout from Dubai debt woes - Indonesia News Blog

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Nov 29, 2009

Indonesia cbank sees no fallout from Dubai debt woes

Indonesia is not expected to feel any fall-out from Dubai's debt problems, central bank officials said on Monday.
"Our fundamentals are good and BI (Bank Indonesia) will always be in the market to mitigate the impact," Bank Indonesia Deputy Governor Budi Mulya said.
"BI will consistently implement its policy, including in managing foreign exchange," he added.

Senior Deputy Governor Darmin Nasution said on Monday that Dubai's debt problems were unlikely to have any direct impact on Indonesian banks because of their small exposure.

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