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forex-reserves

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 6 years ago

Indonesia's foreign exchange reserves close to all-time high in January

Indonesia’s foreign exchange (forex) reserves rose to near record-high levels in January at US$131.7 billion thanks to foreign inflows from global bonds issuances and the oil and gas sector.

Business 6 years ago

Indonesia's foreign exchange reserves at 20-month high in October

The current reserve level, which indicated a $2.4 billion increase from the previous month, is enough to support 7.4 months of imports, and 7.1 months of imports and payments of the government’s short-term debt.

Business 6 years ago

RI foreign exchange reserve dips to US$124.3b in September

The latest figure was enough to finance a little over seven months of imports or seven months of imports and payment of the government’s short-term external debt

Business 6 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.