The Central Bank announced Indonesia foreign reserve for the period May 2020 at USD 130.5 Billion. The number improved from April position of IDR 127.9 Billion. However, this number is still lower than January 2020 period of USD 131.7 Billion. The main reason for this was due to massive foreign capital outflow in March 2020. During the period, government repaid foreign debt and carried out an intervention for IDR in the midst of market turmoil in March 2020. At that month, Indonesia Foreign Reserve reached a low of USD 121 Billion.
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