Highlights of October’s Forex Reserves
Amid harsh external pressures of October 2018. Indonesia’s forex reserves were at USD115.2 billion, higher than was September’s forex reserves of USD114.8 billion. October’s forex reserves marked the first increment since October 2018.
Backed by Oil and Gas Reserves and Modest Debt Settlement
September’s trade balance surplus amounting to USD230 million are likely to improve the forex reserves performance. The Oil and gas deficit narrowed 34% to USD1.07 billion in September 2018. It is a catalyst of changes in Indonesia’s oil and gas forex income.
On the other side, the increment in October’s forex reserves was attributable to the central government’s slow debt settlement, edging up 14.05% in September 2018 and slightly lagging than the growth of 14.15% in August 2018.
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