Bisnis, JAKARTA — Indonesia’s foreign exchange (Forex) reserves as of April are estimated to continue declining due to Bank Indonesia (BI)’s large-scale interventions to stabilize the rupiah’s volatility since last month.
BI Set to Keep Tapping Forex Reserves to Boost Rupiah
Indonesia is likely to continue draining its forex reserves amid geopolitical turmoil in the Middle East, which is expected to further drive the rupiah’s depreciation.
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