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foreign-exchange-reserves

Business 5 years ago

Indonesia’s forex reserves dropped slightly to $133.6b in November

“Bank Indonesia is of the view that the foreign exchange reserves are adequate, supported by stability and a positive outlook for the economy, in line with various policy responses to push for economic recovery,” the central bank said in a statement.

Business 5 years ago

Govt ships $1.64 billion exports to capitalize on momentum of Q3 surplus

Indonesian exports have set sail while the government seeks new shores in an effort to kickstart a revival in trade to counter the currents of the pandemic-induced global slowdown.

Business 5 years ago

Indonesia’s forex reserves decline to $133.7 billion in October

Indonesia’s foreign exchange (forex) reserves declined by US$1.5 billion in October to $133.7 billion due to the government’s foreign debt payments, Bank Indonesia (BI) announced on Friday.

Business 5 years ago

Bank Indonesia to cut benchmark rate once again this year, Fitch Solutions says

Bank Indonesia (BI) is projected to cut its benchmark interest rate by 25 basis points later this year to support the Indonesian economy against the coronavirus pandemic impact, backed by sufficient foreign exchange reserves, Fitch Solutions says.

Business 5 years ago

Indonesia’s forex reserves hit all-time high in July from global bonds, govt loans

Indonesia’s foreign exchange (forex) reserves increased to US$135.1 billion in July, the highest level ever.

Business 5 years ago

Indonesia’s forex reserves rise to near record-high in June

Indonesia’s foreign exchange (forex) reserves increased to US$131.7 billion in June following the government’s move to issue global sukuk (sharia compliant bonds) in the month.

Business 5 years ago

Indonesia’s foreign exchange reserves soar to $130.5b in May

BI reported Rp 18.67 trillion ($1.33 billion) in net inflows, mainly in sovereign debt papers, from the second week of May to the first week of June.

Business 5 years ago

PREMIUM
Indonesia's forex reserves drop $9.4b in March as BI steps up efforts to stabilize rupiah

The rupiah lost around 15 percent of its value against the US dollar in March as investors rushed to sell riskier assets and flock to safe haven assets over fears of COVID-19's rapid spread.

Business 5 years ago

Emerging currencies under threat from COVID-19 face further declines

Central banks in emerging economies are tapping reserves to stem a decline in their currencies as the coronavirus pandemic induces a rush into the US dollar as a haven.