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Foreign Reserves Up Again

INDONESIA

  • Indonesia's foreign reserves were US$150.2b in August higher than the July print of US$145.4b, according to Bank Indonesia.
  • Reserves for August are equivalent to 6.7 months of imports, a figure that is strong by historical standards.
  • Today’s data is reflective of the strong position the Indonesian economy is in and the ample flexibility available to it to support the IDR.

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