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Economist at UOB Group Enrico Tanuwidjaja and Junior Economist Agus Santoso assess the latest FX reserves figures in Indonesia.
Indonesia’s foreign exchange reserves eased by USD4.9bn to USD139.3bn in May 2023.
The latest reserve level was equivalent to finance 6.1 months of imports or 6 months’ worth of imports and servicing the government’s external debt, well above the international adequacy standard of 3 months of imports.
Implementation of foreign currency monetary operation through export receivables’ placement in the onshore market (TD DHE) has succeeded in attracting USD752mn of foreign exchange in the first week of June.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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