An official says that the number increased by $1.9 Billion from $135.1Billion last year.
Indonesia’s foreign exchange reserves rose to $137 billion by the end of August, which is considered a record high.
On Monday, the head of Bank Indonesia’s communication department, Onny Widjanarjo said, “The number has increased by $1.9 billion from $135.1 billion last year”.
He also explained that the increase was largely due to government tax collection, foreign loans, and proceeds from gas and oil.
Widjanarjoy said the bank made an assessment that the foreign exchange reserves could probably support the pliability of the external sector and maintain the financial system and macroeconomic stability.
He further added, “The position of foreign reserves is equivalent to financing 9.4 months of imports or 9.0 months of imports and servicing of government foreign debt and well above the international adequacy standard of three months of import”.
The forex trading rules don’t differ in Indonesia as they do in other parts of the world. There are certainly no restrictions about money that Indonesian traders go through as with the money that people can deposit in their accounts.
Even when you are living in Indonesia, still you can very much make a passable amount of income through forex trading.
People can’t directly sell or buy in any currencies in the country. Instead, people need to work through a forex broker. There are many forex brokers in the country that offer great services that perfectly fit the needs of new investors. Certain brokers are offering high leverage and a bare minimum of deposit.