JAKARTA (Reuters) – Indonesia’s foreign exchange reserves dropped by $1 billion in December to $144.9 billion, due to payments of offshore public debt, the central bank said in a statement on Friday.
The reserve level was equal to 8 months of imports and was sufficient to support Indonesia’s external, macroeconomics and financial markets stability, Bank Indonesia said.
(Reporting by Gayatri Suroyo; Editing by Shri Navaratnam)
