April Sees Significant FX Reserves Dip: UOB Uncovers Surprising Changes
Enrico Tanuwidjaja and Junior Economist Agus Santoso, economists at UOB Group, have reviewed the latest release of foreign exchange (FX) reserves in Indonesia. In April 2023, Indonesia’s foreign exchange reserves slightly decreased by $1 billion to reach $144.2 billion. This latest reserve level is enough to finance 6.4 months of imports or 6.3 months’ worth […]
“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 […]