Indonesia FX Reserves Fall to $144.9 Billion After 5 Straight Monthly Drops

2 articles · Updated · Bloomberg · Jun 8

$144.9 billion in reserves left Indonesia with a fifth straight monthly decline in May, the longest losing streak since 2018.
Bank Indonesia said the drop reflected government external debt payments and central-bank intervention to support the rupiah after it slid to a record low.
Those stabilization efforts came amid heightened uncertainty in global financial markets, showing the cost of defending the currency against external pressure.

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