Indonesia's Foreign Reserves Inch Up Slightly in April

Indonesia's foreign exchange reserves increased by 0.2 percent in April thanks to the proceeds from the recent sale of central bank certificates. (Reuters Photo/Amr Abdallah Dalsh)

By : Tabita Diela | on 5:55 PM May 10, 2016
Category : Business, Economy

Jakarta. Indonesia's foreign exchange reserves increased by 0.2 percent in April thanks to the proceeds from the recent sale of central bank certificates.

The foreign exchange reserves rose to $107.7 billion at the end of April, up from $107.5 billion a month earlier, the central bank said in a statement on Tuesday (10/05).

"The state of foreign reserves at the end of April 2016 was adequate to pay 8.1 months of imports, or 7.8 months of imports and service the government's foreign debt," Bank Indonesia director Arbonas Hutabarat said.

The central bank considers the current foreign exchange reserve position sufficient to support Indonesia's resilience against external factors, while maintaining a sustainable economic growth rate in the future.

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