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Indonesia stocks fall as government raises bank guarantee
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Posted @ 14-10-2008 08:05

Indonesia stocks fall as government raises bank guarantee

The Indonesian stock-exchange fell by 5 percent at the reopening of trade on Monday after a three-day halt, despite the government increasing the bank guarantee to help restore investor confidence in the economy amid the global financial market crisis. Finance minister Sri Mulyani Indrawai announced that the government would extend the bank guarantee deposit from 100 million rupiah (7.500 euro) up to 2 billion rupiah (150.000 euro).

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