3 April 2020 (closed)
USD/IDR (16,464) -277.01 -1.65%
EUR/IDR (17,872) -449.69 -2.45%
Jakarta Composite Index (4,623.43) +91.74 +2.02%
Update COVID-19 in Indonesia: 2,092 confirmed infections, 191 deaths (4 April 2020)
The central bank of Indonesia (Bank Indonesia) announced on Friday (05/02) that Indonesia's foreign exchange reserves declined USD $3.8 billion to USD $102.1 billion at the end of January 2016. This fall was caused by government (foreign) debt settlements as well as interest payments over global bonds. The central bank emphasized that the country's foreign exchange reserves are still at a safe level as they can adequately cover 7.5 months of imports or 7.2 months of imports and servicing of government external debt repayment, well above the global reserve standard at three months of imports.