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View all search resultsIndonesia shaved US$4.6 billion off its foreign exchange (forex) reserves in April as the government serviced foreign debts and the central bank intervened in the market to stabilize the rupiah’s exchange rate amid the tariff turmoil.
Bank Indonesia (BI) revealed on Friday that Indonesian foreign exchange (forex) reserves dwindled for the third consecutive month in September, but the central bank said the reserve level remained “high”.
At the end of August, Indonesia’s foreign exchange reserves, despite remaining stagnant from the previous month at US$132.2 billion, were deemed sufficient to support the country’s economic prospects for the rest of this year.
In terms of Human Development Index (HDI) China ranks 85th in the world, Indonesia and the Philippines at 107th place and Vietnam at 117th, though these countries have done well in terms of improvement throughout the period of 2010 and 2019.