In a new report US-based rating agency Moody's Investors Service says that Indonesian banks are strong enough to cope with ongoing currency volatility and sluggish economic growth. Although sharp rupiah depreciation does imply risks, "Indonesian banks seem manageable", Moody's Vice President and Senior Credit Officer Srikanth Vadlamani said, "as over 70 percent of local banks' debt constitutes related-party debt, implying minimal risks to the domestic banking system".
Update COVID-19 in Indonesia: 4,248,165 confirmed infections, 143,545 deaths (06 November 2021)
6 November 2021 (closed)
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