BI forex reserves drop to $15.09b<\/p>\n
JAKARTA (JP): Bank Indonesia announced on Wednesday the
\ncountry's net foreign exchange reserves declined by US$5.5
\nmillion after the repayment of government overseas loans.<\/p>\n
The central bank said in its weekly monetary indicator report
\nthat the net international reserves (NIR) dropped to $15.09
\nbillion as of Feb. 5, from $15.10 billion on Jan. 29.<\/p>\n
The bank, however, added that the NIR level was still above
\nthe IMF adjusted target of $11.20 billion.<\/p>\n
Gross international reserves, which are net foreign exchange
\nreserves plus outstanding foreign exchange contracts, also
\ndeclined by $1.9 million to $24.62 billion from the level in the
\nprevious week, the central bank said.<\/p>\n
BI also said that net claims on the Indonesian Bank
\nRestructuring Agency declined by Rp 1.56 trillion to Rp 111.946
\ntrillion as banks taken over by the agency repaid some of the
\nliquidity support injected by the central bank.<\/p>\n
The government's account at the central bank declined by Rp
\n318 billion primarily due to the repayment of government foreign
\nloans.<\/p>\n
The bank also reported that net domestic assets during the
\nweek dropped by Rp 2.54 trillion to minus Rp 78.69 trillion, well
\nbelow the adjusted IMF target of minus Rp 35.45 trillion. (rei)<\/p>",
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