Indonesia central bank expects foreign exchange reserves to rise to US$151.5b by end-2017
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
