08 Jul 2024 | News & Feature

FX Reserves: Is the worst over?

  • Bank Indonesia’s FX reserves increased by USD 1.2 Bn to USD 140.2 Bn in June 2024 due largely to foreign inflows from SRBI.
  • FX reserves may be stable going forward due to more bond issuance in the second half and the global situation after a series of weak US economic data.
  • There are risks due to substantial amount of maturing SRBI in the second half, and BI's more limited maneuvering room with respect to SBN.