Indonesia's forex reserves fall to US$105.35b by end-August
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[JAKARTA] Indonesia's foreign exchange reserves fell to US$105.346 billion at the end of August from US$107.55 billion at the end of July, Bank Indonesia said on Monday.
The central bank used the reserves to defend the fragile rupiah, emerging Asia's second worst performing currency, last month, it said in a statement.
Additional inflows from the government's samurai bond issue buffered some of the losses, Bank Indonesia said.
The reserves in August were equivalent to 7.1 months of imports.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
