Mark Lempp (The Jakarta Submit)
Fri, January 7, 2022
Indonesia’s inventory of international foreign money and belongings is nicely above the edge typically thought-about satisfactory, as merchants all over the world brace for financial coverage tightening in the US.
Financial institution Indonesia (BI) introduced in an announcement on Friday that the nation’s international change (foreign exchange) reserves stood at US$144.9 billion on the finish of December 2021. That’s down $1 billion from November however up $9 billion, or 6.6 %, over the complete 12 months, BI knowledge present.
The month-to-month decline was attributed partly to the reimbursement of international debt by the federal government.
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