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Indonesia's foreign exchange reserves down to 150.2 bln USD

0 Comment(s)Print E-mail Xinhua, December 6, 2024
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JAKARTA, Dec. 6 (Xinhua) -- Indonesia's foreign exchange reserves fell to 150.2 billion U.S. dollars in November, down from 151.2 billion dollars in the previous month, due to government foreign debt payments, the central bank said on Friday.

"The reserve position remains high, equivalent to 6.5 months of imports, or 6.3 months of imports and government foreign debt payments," said Ramdan Denny Prakoso, executive director of Bank Indonesia's Communication Department.

Bank Indonesia ensured that Indonesia's foreign exchange reserves will remain adequate to support external sector resilience, with positive export prospects and a surplus in the capital and financial account expected to continue supporting its stability.

In addition, positive investor sentiment toward Indonesia's economic outlook and attractive investment returns contribute to maintaining the country's external resilience, while strengthening market confidence amid global uncertainties.

Bank Indonesia was also continuing to strengthen synergy with the government to maintain external resilience and economic stability, a move that is expected to support long-term sustainable economic growth. Enditem

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