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View all search resultsforex-reserves
Economy 5 months ago
PREMIUM
BI holds rate steady to rein in rupiah's weakening
The central bank has decided to keep the BI-Rate unchanged at 4.75 percent to prevent the rupiah from spiraling ever downward amid the nearly two-month war in Iran as the currency hit a record low of Rp 17,193 per greenback on Wednesday, while experts pointed to a narrowing room for monetary policy in its aim to secure financial stability.
Economy 5 months ago
PREMIUM
Ceasefire provides temporary relief for bleeding rupiah
A de-escalation in the United States-Israeli war on Iran has helped the rupiah bounce back somewhat after approaching its historic low, but economists say the Indonesian currency remains subject to a range of risks.
Economy 1 year 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 3 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.
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