Indonesia: FX reserves shrank in April – UOB – by pabspiovano Indonesia Banks
UOB Group’s Enrico Tanuwidjaja and Junior Economist Agus Santoso review the latest release of FX reserves in Indonesia.“The latest reserve level was equivalent to finance 6.4 months of imports or 6.3 months’ worth of imports and servicing the government’s external debt, well above the international adequacy standard of 3 months of imports.”
“Implementation of foreign currency monetary operation through export receivables’ placement in the onshore market has succeeded in attracting USD451mn of foreign exchange in the first week of May.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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