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View all search resultsforex-reserves
Economy 10 months ago
PREMIUM
RI spends $4.6b of forex reserves to pay debt, stabilize rupiah
Indonesia 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.
Economy 2 years ago
PREMIUM
Jump in forex reserves gives BI more ammo to protect rupiah
Indonesia’s foreign exchange (forex) reserves jumped by 3.5 percent last month, giving the central bank more funds it could use to prop up the rupiah in case further rate hikes in the United States put pressure on the currency.
Business 5 years ago
Bank Indonesia in talks with US, China on currency swaps
BI Governor Perry Warjiyo said on Thursday that Indonesia’s foreign exchange (forex) reserves as the central bank’s “first line of defense” were “adequate”. At US$130.4 billion in February, Indonesia’s dollar reserves are enough to cover 7.7 months of imports, well above the healthy international standard of three months.
