Indonesia's forex exchange reserves recorded at 130.4 billion dollars in February

0 Comment(s)Print E-mail Xinhua, March 6, 2020
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JAKARTA, March 6 (Xinhua) -- Indonesia's foreign exchange reserves were recorded at 130.4 billion U.S. dollars at the end of February and remained high although the amount was lower than that in January when the figure stood at 131.7 billion dollars.

The reserves were sufficient to finance 7.7 months of imports or 7.4 months of imports and payment of government foreign debts. The figure exceeded the international threshold of three months of imports, Onny Widjanarko, executive director at the Department of Communications of Bank Indonesia, told local media on Friday.

Widjanarko said the foreign exchange reserves would maintain the stability of macroeconomic and financial system, adding that the decline in foreign exchange reserves in February was partly influenced by the payment of government foreign debts.

He said the central bank Bank Indonesia considered that the country's foreign exchange reserves would remain in an adequate amount due to a favorable economic prospect in the future. Enditem

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