JAKARTA, iNews.id – Bank Indonesia (BI) reports position foreign exchange reserves Indonesia at the end of October 2024 was recorded at 151.2 billion US dollars. This achievement increased compared to the position at the end of September 2024 of 149.9 billion US dollars.

Executive Director of the BI Communications Department, Ramdan Denny Prakoso, revealed that the increase in foreign exchange reserves came from, among other things revenue.tax and services and withdrawal of government foreign loans.

“The position of foreign exchange reserves at the end of October 2024 is equivalent to financing 6.6 months of imports or 6.4 months of imports and payment of government foreign debt, and is above the international adequacy standard of around 3 months of imports,” said Ramdan in his statement, Thursday (7 /11/2024).

Meanwhile, BI assesses that foreign exchange reserves are able to support the resilience of the external sector and maintain macroeconomic and stability financial system.



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