KONTAN.CO.ID - JAKARTA. Indonesia's foreign exchange reserves (forex) experienced a decline in April 2024. According to Bank Indonesia (BI), the forex position for that period reached $136.2 billion, a decrease from the $140.4 billion recorded in March. The Governor of Bank Indonesia, Perry Warjiyo, explained that the decrease in forex in April was due to BI's efforts to stabilize the rupiah exchange rate, which has recently been weakening. "The (forex) decreases when there is an outflow and we are stabilizing the rupiah exchange rate. However, we assure you that the amount of forex will be more than sufficient," Perry stated in a press conference on recent economic developments on Wednesday (8/5).
Indonesian Foreign Exchange Reserves April 2024 Decrease at USD 136.2 billion
KONTAN.CO.ID - JAKARTA. Indonesia's foreign exchange reserves (forex) experienced a decline in April 2024. According to Bank Indonesia (BI), the forex position for that period reached $136.2 billion, a decrease from the $140.4 billion recorded in March. The Governor of Bank Indonesia, Perry Warjiyo, explained that the decrease in forex in April was due to BI's efforts to stabilize the rupiah exchange rate, which has recently been weakening. "The (forex) decreases when there is an outflow and we are stabilizing the rupiah exchange rate. However, we assure you that the amount of forex will be more than sufficient," Perry stated in a press conference on recent economic developments on Wednesday (8/5).