Economist at UOB Group Enrico Tanuwidjaja reviews the latest FX reserves figures in Indonesia.

Key Takeaways

“Indonesia’s foreign exchange reserves decreased to USD144.9bn in December 2021; down by USD1.0bn from the previous month.”

“The decrease of reserve assets in December was attributable to the repayment of the government’s external debt.”

“Bank Indonesia views that the official reserve assets will remain adequate with several responsive policies to support long-term economic recovery.”