48.6 trillion (Graph 22). Foreign reserves pick up and reach 133.7 billion US dollars at the end of October 2020, higher than the level before COVID-19. We are of the view that the current Rupiah exchange rate is still fundamentally undervalued, and, God willing, the Rupiah still has the potential to strengthen.
•  Implement firm-wide policies and procedures that provide for the consistent identification, evaluation, documentation, and management of all risks associated with complex structured finance transactions - in particular, the credit, reputational, and legal risks.