Indonesia reports record foreign exchange reserves at 150.2 bln USD

JAKARTA, Sept. 6 (Xinhua) — Indonesia’s foreign exchange reserves reached a record high of 150.2 billion U.S. dollars at the end of August this year from 145.4 billion dollars in the previous month, Bank Indonesia said Friday.
“Factors influencing this increase in foreign exchange reserves include tax and service receipts, oil and gas foreign exchange receipts, and the government’s withdrawal of foreign loans,” said Erwin Haryono, head of the communications department of the central bank.
The last time Indonesia recorded such high reserves was in December 2023, with 146.4 billion dollars. Erwin emphasized that the current figure can significantly contribute to economic stability and long-term growth.
Destry Damayanti, senior deputy governor of Bank Indonesia, noted that the increase in reserves was supported by the inflow of foreign money into the domestic financial system, which indicated growing stability in Indonesia’s economy. ■