In December last year, Indonesia's Forex reserves rose to a new record of 155.7 billion USD, enhancing the central bank's ability to withstand the continuous strength of the US dollar and stabilize the exchange rate of the Indonesian rupiah. Data released by Bank Indonesia on Wednesday showed that Forex reserves surged by 5.5 billion USD last month, marking the largest increase in a year, with the previous record set in October last year. Increases in tax and service revenue, along with Oil & Gas exports and the government's withdrawal of foreign loans, helped to boost Forex reserves in December.
印尼外汇储备创历史新高 有利于提振印尼盾汇率
Indonesia's Forex reserves have reached a historic high, which is beneficial for boosting the exchange rate of the Indonesian rupiah.
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