Indonesia’ foreign exchange (forex) reserves stood at US$125.9 billion in July, slightly higher than the previous month’s US$123.8 billion. The position is equal to 7.3-month import financing or 7-month import and payment of government foreign debt.
The increasing of forex reserves in July was caused by oil and gas foreign exchange proceed as well as withdrawal of government foreign debt. The forex reserves are also able to support the external sector resilience and macroeconomy and finance stability.
