The Indonesian central bank (Bank Indonesia/BI) has announced that the country's foreign exchange reserves last October were US$97 billion, an increase of US$1.3 billion over September.
Indonesia's annual import bill is around $226.6 billion i.e. around $19 billion per month. Thus, the foreign exchange reserve is equal to around 5.2 months of imports. To compare with India, its foreign exchange reserve is around $280 billion and import value is around $580 billion per annum i.e. around 5.8 months of imports. Same numbers for Singapore is foreign exchange reserve of around $174 billion and imports of around $490 billion i.e. 4.3 months of imports.
Indonesia's annual import bill is around $226.6 billion i.e. around $19 billion per month. Thus, the foreign exchange reserve is equal to around 5.2 months of imports. To compare with India, its foreign exchange reserve is around $280 billion and import value is around $580 billion per annum i.e. around 5.8 months of imports. Same numbers for Singapore is foreign exchange reserve of around $174 billion and imports of around $490 billion i.e. 4.3 months of imports.
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