JAKARTA, Nov 20 (Reuters): Indonesia's third-quarter current account racked up a surplus of US$4.5 billion or 1.5% of GDP, the largest in 12 years, as merchandise exports got a boost from high commodity prices, central bank data has showed.
Prior to the Covid-19 pandemic, Indonesia had since late 2011 had a persistent current account deficit that it covered with portfolio inflows. This had caused the rupiah currency to swing significantly during times of capital outflows.
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