32.1 C
Delhi
Thursday, September 18, 2025

Indonesia’s forex reserves rise to 140.3 bln USD in February

Date:

Share post:

Donate-GC-Razorpay

Jakarta: Indonesia’s foreign exchange reserves increased to 140.3 billion U.S. dollars at the end of February from 139.4 billion dollars of the previous month, according to Bank Indonesia.

“Tax receipts and withdrawal of government’s foreign loans had an impact on increasing the position of foreign exchange reserves in February 2023,” said Executive Director of the Communication Department of Bank Indonesia, Erwin Haryono, on Tuesday.

The amount is above international adequacy standards and can finance 6.2 months’ worth of imports or 6.0 months’ worth of imports plus the repayment of government foreign debt.

The reserve assets remain adequate, according to Haryono, adding that it is supported by a solid domestic economic outlook, in line with the policy responses to maintain the macroeconomic and financial system stability and to support the national economic recovery process.

Related articles

The Fractured Geopolitics of the Middle East: How Internal Divisions and External Interventions Are Degrading the Region

Introduction: A Region at War with ItselfThe Middle East and West Asia present a paradox of immense...

America’s $35 Trillion Debt: Crypto Cloud Scam to Reset the Dollar

In the corridors of geopolitical strategy, there are whispers louder than any official announcement, whispers that reveal not...

The American Military in Bangladesh: Quiet Landings, Loud Questions

The quiet arrival of American boots on Bangladeshi soil has raised eyebrows not just in Dhaka but in...

Qatar’s Blood Money: How Doha Bankrolled Hamas and Fueled the October 7 Massacre

 Since 2012, Qatar has positioned itself as Gaza’s saviour while quietly acting as its executioner. The numbers are...