Indonesia's forex reserves drop to $144.2 bln at end-April

Kitco Media
By Reuters
Published:
Updated:
Reuters
JAKARTA, May 8 (Reuters) - Indonesia's foreign exchange (FX) reserves decreased by $1 billion to $144.2 billion in April, due to the payment of government foreign debt and FX liquidity needs, the central bank said on Monday. The reserves level was equal to funding needs for 6.4 months of imports, above international standards, and a level that Bank Indonesia saw as adequate to support external resilience, it said in a statement. (Reporting by Stefanno Sulaiman; Editing by Martin Petty)

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