JAKARTA, Jan. 8 (Xinhua) -- Indonesia's foreign exchange reserves reached 155.7 billion U.S. dollars at the end of December 2024, up from 150.2 billion dollars in the previous month, the central bank announced on Wednesday.

"The rise in foreign exchange reserves was driven by factors including tax and service income, issuance of global government bonds, and income from oil and gas reserves," Bank Indonesia's Executive Director for Communication Department Ramdan Denny Prakoso said at a press conference.

According to Prakoso, foreign exchange reserves were sufficient to bolster the resilience of the external sector and maintain macroeconomic stability, as well as support the financial system.

"Bank Indonesia views the foreign exchange reserves as adequate for ensuring the resilience of the external sector. We will continue to enhance our collaboration with the government to strengthen external resilience, which is essential for maintaining economic stability and supporting sustainable economic growth," he said. Enditem

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