JAKARTA (TheInsiderStories) - Indonesia’ foreign exchange reserves increased to US$138.8 billion in April compared to March stood at US$137.1 billion. Bank Indonesia (BI) explained that the increase was mainly influenced by tax and service revenues and the withdrawal of government foreign loans.
The central bank claimed the amount is equivalent to financing 10.0 months of imports or 9.6 months of imports and servicing of government external debt, and is above the international adequacy standard of around three months of imports. They assessed that reserves could support the resilience of the external sector and maintain macroeconomic and financial system stability.
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