Indonesia’s forex reserves dip to $124.3 billion at end-April

Indonesia’s forex reserves dropped by around $200 million to $124.3 billion at the end of April due to the government’s foreign debt payments, the central bank said on Wednesday.

It was down from $124.5 billion at the end of March.

The end-April reserves level is equal to 7 months of imports which is above an international standard of 3 months, Bank Indonesia (BI) said in a statement.

BI said the forex reserves were adequate to support the stability of the country and maintain economic prospects.

https://www.reuters.com/article/indonesia-economy-reserves/indonesias-forex-reserves-dip-to-124-3 billion-at-end-april-idUSJ9N1X500T

 

Category: Indonesia