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

09-May-2019 Intellasia | Reuters | 6:00 AM Print This Post

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. billion-at-end-april-idUSJ9N1X500T


Category: Indonesia

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