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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.