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Indonesia central bank expects foreign exchange reserves to rise to US$151.5b by end-2017

Thursday, September 29, 2016 - 13:48

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Indonesia's central bank expects a US$38 billion increase in foreign exchange reserves by the end of 2017, its governor told a parliamentary commission on Thursday.

[JAKARTA] Indonesia's central bank expects a US$38 billion increase in foreign exchange reserves by the end of 2017, its governor told a parliamentary commission on Thursday.

Indonesia's forex reserves stood at US$113.5 billion as of last month. Governor Agus Martowardojo said the reserves would stand at US$114.9 billion by the end of this year and US$151.5 billion by the end of next year.

He did not provide an explanation.

REUTERS

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