Mettrotvnews.com, Jakarta: Bank Indonesia (BI) recorded Indonesia's foreign exchange (forex) reserves reached USD107.7 billion in April 2016. It increased around USD200 million from the previous month.
"The increase is mainly from the auction of BI certificates," said BI's director of communication, Arbonas Hutabarat, in a written statement, Jakarta, Tuesday (5/10/2016).
Arbonas explained the forex reserves will be sufficient for 7.8 months of imports. It is well positioned to protect Indonesia from external shocks and also maintain sustainable economic growth.
Previously, BI recorded Indonesia's forex reserves in March 2016 reached USD107.5 billion. It increased around USD3 billion from the previous month.
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