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Indonesia's Exports Rise, Imports Drop in May
Indonesia's exports in May rose 2.86% annually to $22.33 billion, while imports dropped 8.83% annually to $19.40 billion, Statistics Indonesia said Wednesday.
Indonesia's Trade Surplus Narrowed in May
Indonesia's trade surplus narrowed in May, as a rise in imports outpaced an increase in exports.
State Administration of Foreign Exchange: in May, banks completed CNY 1.25 trillion in foreign exchange purchases, and CNY 1.36 trillion in foreign exchange sales.
On June 17, the State Administration of Foreign Exchange released the data for May 2024 on bank foreign exchange transactions and bank customers' foreign exchange payment and receipt.
The People's Bank of China has just released the latest figures! From January to May, new social financing amounted to 14.8 trillion yuan, a year-on-year increase of 7% for M2.
RMB loans increased by 11.14 trillion yuan in the first five months, while RMB deposits increased by 9 trillion yuan.
Jokowi Strikes Sanguine Tone as Rupiah Hits New Four-Year Low
Indonesian President Joko Widodo has shrugged off concerns about the rupiah’s recent bout of weakness, signaling there may be little political pressure for the central bank to raise interest rates next week.
Indonesian rupiah exchange rate falls to four-year low, forcing central bank intervention in the market.
As investors unwind their emerging market arbitrage trades, the Indonesian rupiah has fallen to a four-year low, prompting Indonesia's central bank to take action to support the exchange rate.