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Indonesia attracts 4.1 billion USD worth of net inflow

Indonesia posted a net inflow of 4.1 billion USD from April to May 14, after recording a net outflow of 5.7 billion USD in the first quarter of 2020, said Bank Indonesia (BI) Governor Perry Warjiyo on May 19.
Indonesia attracts 4.1 billion USD worth of net inflow ảnh 1Bank Indonesia Governor Perry Warjiyo (Photo: BI)

Hanoi (VNA) – Indonesia posted a net inflow of 4.1billion USD from April to May 14, after recording a net outflow of 5.7 billionUSD in the first quarter of 2020, said Bank Indonesia (BI) Governor PerryWarjiyo on May 19.

According to the official, the foreign capital inflow began toimprove again from April 2020 driven by easing global financial marketuncertainties, high competitiveness of domestic financial assets, and favourableoutlook for the Indonesian economy.

Meanwhile, foreign exchange reserves increased to 127.9billion USD at the end of April, which was equivalent to financing 7.8 monthsof imports.

The figure is more than enough to meet import and debtpayments and exchange rate stabilization, Perry said.

The central bank also estimated the current account deficitin 2020 to be below 2 percent of gross domestic product (GDP) from an initialestimate of 2.5-3 percent of GDP./.
VNA
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