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Foreign Exchange Reserves in December 2020 Higher Than November

Jakarta, 11/01/2021 MoF - Bank Indonesia (BI) released Indonesia's foreign exchange reserves figure end of December 2020 period amounting to 135.9 billion US dollars increased compared to the end of November 2020 amounting to 133.6 billion US dollars.

The position of foreign exchange reserves is equivalent to financing 10.2 months of imports or 9.8 months of imports and servicing of government external debt, and it is above the international adequacy standard of around 3 months of imports.

"Bank Indonesia measured the foreign exchange reserves to be able to support external sector resilience and maintain macroeconomic and financial system stability," said the Head of BI Communication Department Erwin Haryono in a press release, Friday (08/01).

The increase in foreign reserves in December 2020 mainly influenced by the withdrawal of government foreign loans and tax revenue. (bi / nr / mr)