Foreign exchange reserves in Indonesia fell to a 17-month-low of USD 135.7 billion in April of 2022 from USD 139.1 billion in the previous month, amid the obligation of government’s external debt payment and anticipation of the foreign currency liquidity needs in line with economic activity improvement.
That said, the latest figure remained sufficient to cover 6.7 months of imports and servicing the government’s foreign debt and stayed well above the international adequacy standard of around three months of imports. The bank added that the foreign exchange reserves remain adequate, supported by the stability and solid domestic economic outlook, in line with the policy responses to stimulate economic recovery.
