Indonesia's FX Reserves Rise to Record $151.2 bln at End-October

MACROECONOMICS - JAKARTA. Indonesia's foreign exchange reserves rose by $1.3 billion in October to a record $151.2 billion due to the state revenues from tax and services as well as the government's foreign loans, the central bank said.

The reserves were equal to 6.6 months of imports, above international standards and adequate to support Indonesia's external resilience and maintain macroeconomic and financial stability, Bank Indonesia (BI) said in a statement on Thursday.

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