Indonesian forex reserves may dwindle by $2 billion in March | Wires
(The Insider Stories) — Indonesia’s foreign exchange reserves may fall by $2 billion this month, bringing the total decline in the first quarter of the year to nearly $10 billion, a survey by Bloomberg shows Monday.
The reserves, which dwindled by $7.6 billion in the first two months of the year, have been under pressure due to a persistent current account deficit for the past 12 months.
Should the forecast prove correct, it would mark the biggest quarterly fall since at least the Asian crisis in late 1990s.
Full story : http://www.bloomberg.com/news/2013-03-24/foreign-reserve-drop-imperils-indonesia-subsidy-southeast-asia.html?
