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Indonesia central bank plans to allow Sukuk for reverse repo

Posted on 06 December 2011

Indonesia’s central bank plans to allow the trade of syariah bonds for its reverse repo operations, deputy governor Halim Alamsyah said, in a move aimed at deepening the local sukuk market.
Bank Indonesia was drafting the rules, which may be effective next year, Alamsyah said. The central bank’s reverse repo operations are aimed at absorbing excess liquidity from the financial system………………………………………..Full Article: Source

 
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