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Indonesia end-April forex reserves up $1.7bn at $138.8bn

  • The end-April reserve level of $138.8 billion matched February's level, which was the highest on record.
07 May 2021

JAKARTA: Indonesia's foreign exchange reserves increased by $1.7 billion in April, central bank data showed on Friday, amid capital inflows back into emerging markets.

The end-April reserve level of $138.8 billion matched February's level, which was the highest on record.

It could cover the cost of 10 months of imports, Bank Indonesia said in a statement, adding that reserves were also influenced by tax revenues and foreign debt levels.

During April, the rupiah gained 0.6% against the dollar and continued strengthening this month.

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