Indonesia Highlights: Indonesia’s Foreign Exchange Reserves Down $1.7 Billion in March | New Mother Sentenced to Flogging in Indonesia’s Aceh | 34 Killed, Dozens Missing in Landslide, Floods in Indone

KOMPAS.com – Indonesia’s central bank announced that the country’s foreign exchange (forex) reserves fell by $1.7 billion in March.

The position of the reserve assets could cover the cost of 10.1 months of imports or 9.7 months of imports and paying the government’s external debt payments.

In the western part of Indonesia, a woman who has just given birth was sentenced to 100 strokes in Lhokseumawe in Aceh, the only province in the country to follow Islamic law. The woman who is identified as RS was found guilty of committing adultery.

Below are excerpts from the stories in Indonesia, curated by Kompas.com editors:

Indonesia’s Foreign Exchange Reserves Down $1.7 Billion in March

Indonesia’s central bank announced that the country’s foreign exchange (forex) reserves fell by $1.7 billion in March following the government’s external debt payments, Bank Indonesia said in a statement on Wednesday, March 7.

The end-March reserve level stood at $137.1 billion, while the February reserve level was recorded at $138.8 billion, the highest on record.

Bank Indonesia Communication Department head Erwin Haryono said that the position of the reserve assets could cover the cost of 10.1 months of imports or 9.7 months of imports and paying the government’s external debt payments.

“It is well above the international capital adequacy standards of three months imports,” Erwin said in the statement.

Source: https://money.kompas.com/read/2021/04/07/120632426/cadangan-devisa-ri-turun-jadi-1371-miliar-dollar-as-pada-maret-2021