Indonesia's Foreign Exchange Reserves Hit Record High in July 2020

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Dwi Hadya Jayani 07/08/2020 11:20 WIB

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Indonesia's foreign exchange reserves increased to US$135.1 billion, a US$3.4 billion rise compared to the end of June 2020, which stood at US$131.7 billion.

Indonesia's Foreign Exchange Reserves, January 2001 - August 2020

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Indonesia's Foreign Exchange Reserves Hit Record High in July 2020

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Indonesia's Foreign Exchange Reserves, January 2001 - August 2020

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Indonesia's foreign exchange reserves reached a record high at the end of July 2020. The value reached US$135.1 billion, a US$3.4 billion increase compared to the end of June 2020, which stood at US$131.7 billion. This increase was influenced by the issuance of global bonds and government loans.

For information, Indonesia's foreign exchange reserves are equivalent to financing 9 months of imports or 8.6 months of imports and government external debt payments. Furthermore, it is above the international adequacy standard of approximately 3 months of imports.

Editor : Safrezi Fitra

"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."