Indonesia's forex reserves rise to new record high in August


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JAKARTA, Sept 7 (Xinhua): Indonesia's foreign exchange (forex) reserves rose to a new record high in August due to tax collections, government foreign borrowings and oil and gas revenues as well as the central bank's strengthened capabilities of anticipating market volatility amid the Covid-19 pandemic.

Indonesia's foreign exchange reserves rose by US$1.9 billion to US$137 billion in August after the reserves logged a record high of US$135.1 billion in July, the Indonesian central bank said on Monday.

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