STATISTICS
STATISTICS
Indonesia's foreign exchange reserves plunged 14 per cent in February to US$16.33 billion--their lowest level since 1993--compared with January levels of US$19.06 billion, according to a statement from Bank Indonesia. Daniel Chan, Indonesian economic and currency expert at HongkongBank's economic research unit, says he believes that Indonesia's forex reserves could drop even further over the next month, due to political and economic uncertainties. Reserves have now plummeted by 43 per cent from
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