“Stunning March Surge: FX Reserves Skyrocket, UOB Reports Remarkable Growth”
Enrico Tanuwidjaja, an economist at UOB Group, and Agus Santoso, a junior economist, recently reviewed Indonesia’s latest foreign exchange (FX) reserves prints. In March 2023, Indonesia’s foreign exchange reserves increased by $4.9 billion, bringing the total to $145.2 billion. This substantial reserve level demonstrates Indonesia’s stable economic position as it is equivalent to financing 6.4 […]