- Analytics
- News and Tools
- Market News
- Indonesia: FX Reserves shrank in 2022 – UOB
Indonesia: FX Reserves shrank in 2022 – UOB
Economist at UOB Group Enrico Tanuwidjaja reviews the latest report of FX Reserves in Indonesia.
Key Takeaways
“Indonesia’s foreign exchange reserves increased by USD3.2bn to USD137.2bn in Dec 2022 but declined a total of USD7.7bn throughout last year.”
“The latest reserve level was equivalent to finance 6 months of import or 5.9 months of imports and servicing the government’s external debt, well above the international adequacy standard of 3 months of imports.”
“Services and tax payment revenue and government external debt drawdown accounted for last month’s significant increase in the reserves. BI maintains the view that the official reserve assets will remain adequate to anchor stability and safeguard the Indonesian economy.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
