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Tuesday, March 7, 2017

Higher foreign reserves expected to fend off global risks


Inflows into Indonesia pushing foreign reserves higher are expected to help Indonesia fend off risks stemming from global economic uncertainty.

Bank Indonesia (BI) reported on Tuesday that the amount of foreign reserves reached US$119.9 billion in February, equal to eight-and-a-half months of imports and the government’s foreign debt payments.

The February figure was higher than the $116.9 billion seen in January.
http://www.thejakartapost.com/news/2017/03/08/higher-foreign-reserves-expected-to-fend-off-global-risks-1488937982.html

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