Indonesia, Thailand Boost Short-Term Debt as Rupiah Hits Record Low in US-Iran War Stress
Updated
Updated · Bloomberg · May 27
Indonesia, Thailand Boost Short-Term Debt as Rupiah Hits Record Low in US-Iran War Stress
1 articles · Updated · Bloomberg · May 27
Indonesia and Thailand are issuing more short-term debt as market stress from the US-Iran war tightens funding conditions and pulls liquidity from broader markets.
Indonesia’s central bank has stepped up rupiah-bill sales to lure foreign inflows and support the rupiah, Asia’s worst-performing currency this quarter after sliding to record lows.
Thailand is relying more heavily on short-term notes while pressing ahead with a controversial emergency borrowing plan.
The shift by Southeast Asia’s two biggest economies shows how the war’s financial fallout is spilling into regional debt markets and currency defenses.
As Southeast Asia issues new debt, is it a short-term fix or a permanent pivot away from the US dollar?
Will emergency borrowing save Southeast Asia's economies, or is a deeper financial crisis for citizens inevitable?
The US-Iran war is fueling inflation. Could a global food crisis be the next domino to fall in 2027?