Declining Forex Reserves Promptly Halted
In August 2018, Indonesia posted the forex reserves of USD117.9 billion. The figures were lower than July’s forex reserves of USD118.3 billion in July and the lowest figures since January 2017. The decline of USD400 million in August’s forex reserves was lower than the decline of around USD1.1 billion-USD3.9 billion per month from February to July 2018.
Pressure Deriving from Export Anomaly
August’s trade balance posted the deficit of USD1.02 billion lower than July’s deficit of USD2.01 billion.
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