Wed, 08 Feb 2023

JAKARTA, Dec. 7 (Xinhua) -- Indonesia recorded foreign exchange reserves of 134 billion U.S. dollars at the end of November, higher than the previous month's 130.2 billion dollars, Bank Indonesia's spokesman Erwin Haryono on Wednesday.

The increase of foreign exchange reserves in November was influenced mainly by tax and service revenues as well as oil and gas foreign exchange receipts, said Haryono.

The figure is equivalent to 5.9 months worth of imports, and is above international adequacy standard, added Haryono.

Bank Indonesia views this figure as capable of supporting the resilience of the country's external sector and maintaining the stability of the macroeconomic and financial system.

More Jakarta News

Access More

Sign up for Jakarta News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!