JAKARTA. Capital inflows increased Indonesia’s foreign exchange reserves to US$123.1 billion in April, the highest level since at least 2015. The increase in April was mainly supported by foreign exchange earnings, including from the repatriated funds in the government’s tax amnesty, oil and gas export proceeds as well as Bank Indonesia’s (BI) auction of foreign exchange securities (SBBI), the central bank said in a statement on Monday. “BI considers that the foreign reserves are able to support the country’s external side and maintain sustainability of economic growth going forward,” it wrote.
Foreign reserves rise to US$123.1 billion in April
JAKARTA. Capital inflows increased Indonesia’s foreign exchange reserves to US$123.1 billion in April, the highest level since at least 2015. The increase in April was mainly supported by foreign exchange earnings, including from the repatriated funds in the government’s tax amnesty, oil and gas export proceeds as well as Bank Indonesia’s (BI) auction of foreign exchange securities (SBBI), the central bank said in a statement on Monday. “BI considers that the foreign reserves are able to support the country’s external side and maintain sustainability of economic growth going forward,” it wrote.