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Indonesia's Paris Club deal boosts currency and stock market

Indonesia's currency and stock market have risen in early trading following a Paris Club agreement to reschedule 10.8-Billion dollars in government debt.

The rupiah breached the 9,500 to the U-S dollar level for the first time since late last year, and share prices were also sharply higher.

After two days of talks, foreign government creditors agreed on Friday to reschedule the debt comprising both principal and interest and falling due between April this year and December next year.

15/04/2002 21:46:48 | ABC Radio Australia News

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