Indonesian government’s foreign debt payments pushed the country’s forex reserves lower by around $200 million to $124.3 billion in April, the central bank said on Wednesday. The reserves were seen at $124.5 billion at the end of March.
The forex reserves are adequate to support the stability of the country and maintain economic prospects, the bank said, adding further that the end-April reserves level are equal to 7 months of imports which is above an international standard of 3 months.
Share
