JAKARTA, Dec 7 (NNN-ANTARA) – Indonesia recorded foreign exchange reserves of 134 billion U.S. dollars, at the end of Nov, higher than the previous month’s 130.2 billion dollars, Bank Indonesia’s spokesman, Erwin Haryono, said, today.
The increase of foreign exchange reserves in Nov, was influenced mainly by tax and service revenues, as well as, oil and gas foreign exchange receipts, said Haryono.
The figure is equivalent to 5.9 months worth of imports, and is above international adequacy standard, added Haryono.
Bank Indonesia views this figure as, capable of supporting the resilience of the country’s external sector, and maintaining the stability of the macroeconomic and financial system.– NNN-ANTARA
