Indonesia to issue Panda Bonds to reduce US dollar reliance - ANTARA News

Indonesia to issue Panda Bonds to reduce US dollar reliance - ANTARA News

Source: ANTARA News

DW NOTE

Indonesia's sixth Panda Bond issuance in two years. They pay a yuan interest rate to China, book it as diversification away from dollar reliance, and still settle 49% of their trade in greenbacks. It's financial diplomacy dressed as monetary independence — Beijing gets another offshore yuan constituency, Jakarta gets a paragraph for the FX strategy deck.

Read the full story at ANTARA News →