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The interbank rate for the rupiah in Jakarta potentially strengthens as the COVID-19 pandemic in the country is getting under control.
Bank Indonesia noted that the country's foreign exchange (forex) reserves reached US$137.3 billion at the end of July 2021.
Bank Indonesia reports that Indonesia's foreign exchange reserves on May-end amounts to US$136.4 billion.
Bank Indonesia logged an increase in Indonesia's foreign exchange reserves to US$138.8 billion by the end of April.
President Jokowi said that 90 percent of drug and raw materials still rely on imports, which was considered wasting foreign exchange.
The Indonesian government has set itself the target of saving up to US$1.2 billion in foreign exchange per year.
Indonesia's foreign exchange (forex) reserves at the end of October 2019 were recorded at US$ 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.