A money changer in Jakarta. (Antara Photo/Aprillio Akbar)

Indonesia's Foreign Reserves Down Slightly to $126.6b

DECEMBER 06, 2019

Jakarta. Bank Indonesia announced Friday the country's foreign reserves were down slightly to $126.6 billion in November from $126.7 billion in the previous month.

The central bank said the amount was enough to support import funding and macro-economic stability.

"The foreign reserves are equal to import spending for seven and a half months and the government's foreign debt installments. They are also above the international adequacy standard, [which is] the equivalent of three-month import spending," Bank Indonesia spokesman Junanto Herdiawan said in a statement.

Since January, the foreign reserves have increased by $6.5 billion.

"Bank Indonesia is of the view that the foreign reserves will remain adequate [in the coming months] supported by a stable economy and an encouraging outlook," he said.