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Indonesia: Foreign Exchange Reserves Indonesia Grow in June 2016
Indonesia: Foreign Exchange Reserves Indonesia Grow in June 2016
Thus, 14 July 2016 – The central bank of Indonesia (Bank Indonesia) announced today (14/07) that the nation’s foreign exchange reserves rose by USD $6.2 billion to USD $109.8 billion in June 2016. The rise was supported by foreign exchange receipts, primarily from the issuance of government US dollar-denominated bonds, the auction of Bank Indonesia foreign exchange bills, tax revenues, oil & gas export earnings, as well as the withdrawal of foreign-denominated government loans.
Foreign exchange inflows originating from above-mentioned sources outweighed the use of foreign exchange for repayments of government external debt and maturing Bank Indonesia foreign exchange bills. Read More?