The currency reserves of Indonesia in August fell to a minimum for 19 months


The currency reserves of Indonesia have been declining for seven months in a row due to the fall of the national currency and the outflow of capital. In August, the country's currency reserves fell to the lowest level since January 2017 of $117 billion 900 million, according to the Bank of Indonesia. The Indonesian rupiah has fallen in price since the beginning of the year by 8.5%. Its rate against the US dollar fell by 0.3% on Friday and amounted to 71.74 rupees against one US dollar. To curb inflation and the fall of the national currency, the Bank of Indonesia conducted a number of interventions in the foreign exchange market and, analysts expect, could raise the key interest rate in the end of September for the fifth time this year.

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