The Financial Express

Indonesia's forex reserves climb to $137.1 billion in June

| Updated: July 09, 2021 14:53:33

File photo, (Collected) File photo, (Collected)

Indonesia's foreign exchange reverses rose slightly to 137.1 billion US dollars in June following the issuance of the Government Global Sukuk and tax and services receipts, Executive Director of the Communication Department of central bank Bank Indonesia Erwin Haryono said on Wednesday.

In the previous month, Indonesia's foreign exchange reverses were recorded at 136.4 billion US dollars, reports Xinhua.

The amount of foreign exchange reserves in June was equivalent to financing 9.2 months of imports, or 8.8 months of imports and servicing government external debt, and was above the international adequacy standard of about 3 months of imports.

"Bank Indonesia assesses that foreign exchange reserves are able to support the external sector resilience and maintain the macroeconomic and financial system stability," said Haryono in a press statement.

Share if you like