The foreign currency reserves of Indonesia last month reached 131.7 billion USD, nearing the 131.9 record level in January 2018 and 2.5 billion USD higher than the figure of the end of last year, the Bank Indonesia (BI) reported on February 7.
The State Bank of Vietnam (SBV) has so far this year bought more than 1 billion USD from commercial banks to build up the nation’s foreign currency reserves.
Prime Minister Nguyen Xuan Phuc highlighted Vietnam’s significant achievements in 2017 in an article published in a special issue titled “The Year Ahead 2018: Hope Against Rage” of the international media organisation Project Syndicate.
Vietnam’s foreign currency reserves hit approximate 48 billion USD thanks to the country’s stable macroeconomic conditions and strong influx of exports, FDI and remittance.
The National Financial Supervision Commision has assessed in its financial report for July that declines in the interest rate for the rest of 2017 will be supported by both domestic and international factors.
The Central Bank of Malaysia (BNM) has announced that as of October 14, the country’s foreign currency reserves reached 405.6 billion ringgit (97.32 billion USD).
So far this year the State Bank of Vietnam has bought over 10 billion USD in foreign exchange, increasing the country’s reserves to a record high of more than 40 billion USD.
The Government, for the first time, has instructed relevant ministries
to create a legal mechanism to allow for part of foreign currency
reserves to be used to fund development projects.
World
