Indonesia’s FX reserves rise to $146.4bn at end-December

JAKARTA: Indonesia’s foreign exchange reserves rose by $8.3 billion to $146.4 billion in December due to tax revenues and foreign loans, the central bank said in a statement on Monday.

Indonesia Dec inflation at 2.61%, below estimate

The end-December reserves level was equal to 6.7 months worth of imports, above international standards and adequate to support Indonesia’s external resilience and maintain economic and financial stability, Bank Indonesia said.