Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: bill718 who wrote (2305)	1/20/1998 4:45:00 PM
From: JD	Read Replies (1) of 4718

Another hopeful sign for Indoesian economy. Picked this up from another thread (I've bolded sections for skimmers) Message 3212573 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Indonesia starts repaying overseas loans in rupiah Singapore ------------------------------------------------------------------------ 20 JANUARY THE CORPORATE and banking sectors in Indonesia have begun to repay overseas debt in local currency, offering foreign lenders either rupiah on time or dollars late, dealers and analysts in Singapore said. Sources say some lenders are taking up the offer. Indonesia's already heavy overseas debt burden has ballooned in terms of the rupiah due to the currency's 75 per cent decline from 2,400 per dollar in July at the start of the Asian crisis to 10,000 now. The Indonesian private sector is being crushed under the weight of the burgeoning debt, and market sources said foreign banks will now take a risk on the currency rather than wait for dollars. .... more follows ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ JD

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