Photo: Special

JAKARTA (TheInsiderStories) – Indonesia’s foreign exchange reserves, managed by the central bank Bank Indonesia (BI), rises to US$ 130 billion at end of December, increased from $125.9 billion in the previous month and also up from US$116.4 billion at the end of 2016. BI Governor Agus Martowardojo was quoted by detik.com as saying that the December forex reserves are enough to fund over 8 months of imports. BI is yet to release the official figure of forex reserves. Indonesia’s forex reserves have shown an uptrend in the past few years. In 2012, forex reserves stood at US$112.8 billion, fell to US$99.4 billion in 2013, bounced back to US$111.9 billion in 2014, fell to US$105.9 billion in 2015 and then increased again to US$116.4 billion in 2016.