Jakarta. Indonesia’s foreign exchange reserves has gone down slightly to $149.9 billion as of end-September, according to the country’s central bank. 

This marked a $300 million decline compared to the $150.2 billion reserves as of the end of August, Bank Indonesia’s spokesperson Ramdan Denny Prakoso. The central bank attributed the decline to payments of the government’s foreign debt.

The reserves are also enough to pay for 6.6 months of imports or 6.4 months of imports and payments of foreign debt. This already surpassed the international adequacy standard of 3 months of imports. 

“The foreign exchange reserves are able to support external sector resilience and maintain macroeconomic and financial system stability," Ramdan said on Monday. 

According to Bank Indonesia, the country’s foreign exchange reserves will remain strong enough to support external sector resilience amid robust export prospects, among others. 

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