Indonesia, May 20 -- The Asian Development Bank (ADB) has collaborated with the Ministry of Finance of the Republic of Indonesia to successfully convert 27 sovereign loans amounting to a total of $3.3 billion from US dollars and Japanese yen to Indonesian rupiah. This marks ADB's first large-scale local currency conversions, setting a precedent for future transactions. It reflects ADB's broader strategy to support the development of local currency markets in the Asia and Pacific region. ADB continues to explore opportunities for local currency financing across the region. The bank's pioneering efforts in issuing local currency bonds and developing derivative markets have significantly advanced local currency financing in Asia and the Pacifi...