Indonesia FX reserves fall $3.6 billion in Jan to $141.3 billion
12:48 am Tuesday, February 08th, 2022
JAKARTA (Reuters) – Indonesia’s foreign exchange reserves fell by $3.6 billion in January to $141.3 billion, a level equivalent to 7.6 months of imports, the central bank said on Tuesday.
Bank Indonesia in a statement attributed the drop to repayment of public debt and a reduction in the level of commercial banks’ foreign currency placement at the central bank. It said the end-January level of reserves remained adequate to support macroeconomic and financial system stability.
(Reporting by Gayatri Suroyo; Editing by Ed Davies)
