Indonesia's forex reserves drop to US$130.4b at end-Feb
[JAKARTA] Indonesia's foreign exchange reserves dropped by US$1.3 billion to US$130.4 billion at the end of February, data from the central bank showed on Friday.
The country had foreign outflows in government bonds and stocks during the month linked to the coronavirus outbreak.
Still, Bank Indonesia Governor Perry Warjiyo said that Indonesia has "more than enough" foreign exchange reserves to maintain market stability.
The first drop in foreign exchange reserves since November was mainly caused by payments of government's foreign debts, the bank said in a statement.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s first-quarter industrial profits rise at slower pace
When US diplomats visit China, meal choices are about more than taste buds
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked