Indonesia’s foreign exchange reserves increased by nearly $5 billion to $145.2 billion in March, due to the government’s offshore loan withdrawal and tax income, the central bank said on Monday.
The reserves level was equal to funding needs for 6.4 months of imports, above international standards, and a level Bank Indonesia saw as adequate to support external resilience, it said in a statement.
Source : Indonesia’s Central Bank Reports Increase in Forex Reserves to $145.2 Billion in March