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Indonesia's foreign exchange (forex) reserves at the end of October 2019 were recorded at US$ 126.7 billion.
Indef said that one of the reasons for that decline is the uncertainties stemming from the US-China trade war.
Bank Indonesia (BI) announced that Indonesia's foreign exchange (forex) reserves at the end of June 2019 reached US$123.8 billion.
A Bank Indonesia (BI) official says that the reserves rose by more than US$1bn from February's US$123.3bn.
The government and the central bank have pegged the target for the tourism sector's foreign exchange this year at US$17.6 million.
Bank Indonesia (BI) and the Finance Ministry inks an agreement on the integrated utilization and monitoring of foreign exchange data and information.
Increased spending and higher foreign debt payment caused by the rupiah correction lead to a decline in Indonesia's forex reserves.
The Indonesias foreign exchange reserves shrank US$2.8 billion by the end of June, 2015,
BI official hoped that the revisions would support efforts to improve domestic trade capacity and investments through transaction flexibility.
Many businesses say they will still effectively be hostage to gyrations in Indonesia's volatile rupiah after the new rule takes effect in July.
SOE Minister Rini Soemarno asks Pertamina, Krakatau Steel and Antam to hedge their debts denominated in foreign currencies.
The greenback weakened against the majority of the global currency in Tuesday's trading session.
BI official says the current amount of forex reserves is still safe despite the central bank's intervention over last year's rupiah correction.
BI official says the increase was mainly contributed by forex revenues from oil and gas exports.
The main point that will be regulated is the management of foreign exchange risk, BI governor says.
The decrease could be attributed to government debt repayments and BI's interventions to stabilize Rupiah's exchange rate.
The increase in the foreign exchange reserves comes from the issuance of Euro Bonds and profits earned from oil-and-gas exports.
Indonesia's foreign exchange reserves increased 0.7 percent in June.
BI's announcement of an increased forex reserve prompts investors to collect rupiah-denominated assets.
The increase in the foreign exchange was influenced by the revenues of exchange from the government's oil export and the flow of foreign investors.