Indonesia's foreign exchange reserves fall for three consecutive months, reaching US$ 138.97 billion.

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Agus Dwi Darmawan 31/05/2024 09:35 WIB

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Indonesia's Foreign Exchange Reserves as of February 2024

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Indonesia's foreign exchange reserves fall for three consecutive months, reaching US$ 138.97 billion.

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Indonesia's Foreign Exchange Reserves as of February 2024

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Bank Indonesia recorded a decrease in Indonesia's foreign exchange reserves over the past three months, from US$ 140.4 billion to US$ 139 billion. This represents an increase of US$ 2.755 billion compared to April 2024, which recorded US$ 136.22 billion.

However, the increase in foreign exchange reserves as of March 31st was significantly higher than the previous month. Indonesia's current foreign exchange reserves are equivalent to 6.1 months of import financing and government foreign debt payments, and remain above the international adequacy standard of approximately 3 months of imports.

The increase in foreign exchange reserves was impacted by the average weakening of the Rupiah exchange rate in May 2024, which was recorded at -0.11 percent month-to-month (MoM).

"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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Indonesia's foreign exchange reserves fall for three consecutive months, reaching US$ 138.97 billion.

Indonesia's foreign exchange reserves fall for three consecutive months, reaching US$ 138.97 billion.

Indonesia's foreign exchange reserves fall for three consecutive months, reaching US$ 138.97 billion.

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Indonesia's foreign exchange reserves fall for three consecutive months, reaching US$ 138.97 billion.

Indonesia's foreign exchange reserves fall for three consecutive months, reaching US$ 138.97 billion.

Indonesia's foreign exchange reserves fall for three consecutive months, reaching US$ 138.97 billion.

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