fxstreet.com 09 Feb, 2021 11:00 am

FX Reserves climbed to record high – UOB

FX Reserves climbed to record high – UOB
Economist Enrico Tanuwidjaja and Haris Handy at UOB Group assess the latest FX reserves figures in Indonesia. Key Quotes “Indonesia’s foreign exchange

0 months of imports and servicing government’s external debt.This is well above the international adequacy standard of around 3 months of imports.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

Bank Indonesia views that the official reserve assets position is able to support the external sector resilience and maintain macroeconomic and financial system stability.” “The increase of reserve assets in January 2021 was mainly attributable to government’s global bonds issuance and tax receipts.

places
organizations
Read full story at fxstreet.com