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Indonesia's Foreign Exchange Reserves December 2023 US$ 137.23 Billion
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Bank Indonesia recorded a decrease in Indonesia's foreign exchange reserves over the past three months, from US$ 144 billion to US$ 136.2 billion. This represents a decline of US$ 4.172 billion compared to March 2024's position of US$ 140.39 billion.
Nevertheless, the February 29th decrease in foreign exchange reserves was significantly lower than the previous month. Indonesia's current foreign exchange reserves are equivalent to six months of import financing and government foreign debt payments, and remain above the international adequacy standard of approximately three months of imports.
The decrease in foreign exchange reserves was influenced by the strengthening of the Rupiah exchange rate in April 2024, which averaged a 2.33 percent increase (month-to-month/m-o-m).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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