Indonesia's Foreign Exchange Reserves Down to 144.2 Billion USD by April
TEHRAN (ANA)- Indonesia posted foreign exchange reserves of 144.2 billion US dollars at the end of April, down from the previous month's 145.2 billion dollars, according to the central bank.
"The payment of the Indonesian government's external debt and foreign currency liquidity in line with anticipation of a religious holiday were two factors that contributed to the decline in foreign exchange reserves in April 2023," said Erwin Haryono, executive director of the Communication Department of Bank Indonesia.
This amount is above international adequacy standards and equivalent to financing 6.4 months of imports or 6.3 months of imports and servicing the government's foreign debt.
Bank Indonesia sees that the foreign exchange reserves are enough to ensure the stability of the financial and macroeconomic systems during the process of the country's economic recovery.
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