KONTAN.CO.ID - JAKARTA. The foreign exchange reserves position in January 2024 has shrunk. Bank Indonesia (BI) reported that the position of Indonesia's foreign exchange reserves for that period was recorded at US$ 145.1 billion, or down 0.87% compared to December 2023, which was US$ 146.38 billion. The decline in the position of foreign exchange reserves was influenced by the maturity of the government's foreign debt payments. The Chief Economist of Bank Central Asia (BCA) David Sumual stated that indeed, at the beginning to the middle of the year, there are usually many maturing debts that are paid, including the government's foreign maturing debts.
Government Debt Matures, Indonesia's Foreign Exchange Reserves Shrink in January 2024
KONTAN.CO.ID - JAKARTA. The foreign exchange reserves position in January 2024 has shrunk. Bank Indonesia (BI) reported that the position of Indonesia's foreign exchange reserves for that period was recorded at US$ 145.1 billion, or down 0.87% compared to December 2023, which was US$ 146.38 billion. The decline in the position of foreign exchange reserves was influenced by the maturity of the government's foreign debt payments. The Chief Economist of Bank Central Asia (BCA) David Sumual stated that indeed, at the beginning to the middle of the year, there are usually many maturing debts that are paid, including the government's foreign maturing debts.