Indonesia’s foreign reserves rose to 107.7 billion USD by the end of June thanks to positive results of non-oil and gas export, according to Bank Indonesia (BI).
The amount is sufficient to finance the country’s imports and debt payments in more than six months, or twice the international sufficiency standard of three months, the central bank said in a statement.
Thanks to rising foreign reserves, BI could intervene more effectively in stabilising the rupiah and dealing with the increasing deposit flows to banks, helping maintain the economic growth in the coming time.-VNA
The amount is sufficient to finance the country’s imports and debt payments in more than six months, or twice the international sufficiency standard of three months, the central bank said in a statement.
Thanks to rising foreign reserves, BI could intervene more effectively in stabilising the rupiah and dealing with the increasing deposit flows to banks, helping maintain the economic growth in the coming time.-VNA
