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View all search resultsforex-reserves
Business 6 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.
Business 6 years ago
Rupiah at 1998 crisis level pressures reserves, foreign-denominated debt
The rupiah breached Rp 16,000 against the US dollar on Friday, the weakest since the 1998 crisis, taking its toll on central bank reserves, corporate debt obligations and import-reliant industries as the COVID-19 pandemic prompts an Indonesian asset selloff.
Business 7 years ago
Indonesia’s forex reserves reach 16-month high
Indonesia's foreign exchange (forex) reserves were recorded at US$125.9 billion in July, the highest level since March last year, creating ample room for the central bank to stabilize the rupiah as market risks heighten in the light of an ongoing trade war.
Business 8 years ago
Foreign exchange reserves decline to US$119.8 billion in June
Indonesia’s foreign exchange reserves slid to US$119.8 billion as of June, lower than the $122.9 billion recorded a month earlier as Bank Indonesia (BI) continued to defend the rupiah against a stronger United States dollar.
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