Ignore the IDR at your peril
Will Indonesia fade gently into the night as it drops off most investors radar screens, or will the country deliver further shocks and uncertainty to the market We fear the latter, and are wary of Indonesia re-emerging in the headlines over the coming months for the wrong reasons we believe there is a risk of a further tightening of capital controls, a move which could have credit implications for holders of Indonesian debt.
The offshore IDR market has been torpedoed by Bank Indonesia
Many in the market may be forgiven for reducing their focus on Indonesia following last weeks tightening of foreign exchange regulations. As we warned...
