The Indonesian central bank said in a statement that the intervention will come in the spot and non-deliverable forward markets, as well as in secondary bond markets, adding that it had already intervened offshore in Asia, European and New York markets.

Bank Negara Malaysia (BNM) and Bank Indonesia (BI) on August 2 agreed on the expansion of the ringgit-rupiah settlement framework between the two countries in accordance with a Memorandum of Understanding that was signed in 2016.

The Bank of Thailand (BoT) has made measures to counteract the baht’s (THB) decline as the local currency hit a nine-month low.

Thailand and Japan have signed a memorandum of understanding on cooperation to promote the use of their local currencies in order to settle bilateral trade and investment.