BI forex reserves up again to $15.1b<\/p>\n
JAKARTA (JP): Bank Indonesia announced on Wednesday the
\ncountry's net foreign exchange reserves rose slightly to US$15.1
\nbillion as of Jan. 29, from $15.05 billion a week earlier.<\/p>\n
The central bank attributed the increase to the disbursement
\nof offshore loans and the government's revenues from non-oil
\nexports.<\/p>\n
It said net international reserves were well above the target
\nagreed to with the International Monetary Fund of $10.90 billion.<\/p>\n
Gross international reserves, which are net foreign exchange
\nreserves plus outstanding foreign exchange contracts, rose to
\n$24.62 billion from $24.58 billion.<\/p>\n
Its liquidity support to ailing banks under the Indonesian
\nBank Restructuring Agency fell to Rp 115.463 trillion from Rp
\n117.063 trillion a week before as some banks paid back debts to
\nthe central bank.<\/p>\n
The government's account at Bank Indonesia rose Rp 6.5
\ntrillion to Rp 24.25 trillion due to disbursement of loans from
\nthe Overseas Economic Cooperation Fund, oil exports and tax
\nrevenues.<\/p>\n
The central bank's open market operation resulted in a
\ncontraction of Rp 3.5 trillion.<\/p>\n
As a result, net domestic assets increased Rp 2.7 trillion to
\nminus Rp 76.1 trillion, well below the adjusted IMF target of Rp
\n33.57 trillion.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bi-forex-reserves-up-again-to-151b-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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