BI's net forex reserves drop to US$13.96 billion<\/p>\n
JAKARTA (JP): Bank Indonesia said on Monday that its net
\nforeign exchange reserves decreased by US$91.6 million to $13.96
\nbillion on Jan. 7 compared to last week's level.<\/p>\n
The drop was particularly due to the repayment of government
\nforeign debts, the central bank said in its weekly indicator
\nreport.<\/p>\n
BI said its net international reserves were still above the
\nIMF adjusted target of $10.90 billion.<\/p>\n
The bank also said that gross foreign exchange reserves during
\nthe week dropped by $97.9 million to $23.5 billion.<\/p>\n
Net claims on the Indonesian Bank Restructuring Agency fell by
\nRp 2.89 trillion to Rp 116.79 trillion on the back of liquidity
\nsupport repayments made by banks under the control of the agency,
\nBI said.<\/p>\n
It also reported that net domestic assets as of Jan. 7 were
\nminus Rp 65.28 trillion, an increase of Rp 154 billion from last
\nweek's level.<\/p>\n
BI added that the net domestic assets level was still below
\nthe IMF adjusted target of minus Rp 33.58 trillion. (rei)<\/p>\n
Table A: Foreign reserves (in million dollars)<\/p>\n
Dec. 23 Dec. 31 Jan. 7<\/p>\n
--------------------------------------------------------<\/p>\n
Gross foreign assets 23,960.0 23,599.2 23,501.3<\/p>\n
- Liquid reserves * - - -<\/p>\n
- Other reserves ** - - -<\/p>\n
Gross foreign liabilities 9,728.8 8,728.8 8,728.8<\/p>\n
Net forward positions 0.0 0.0 0.0<\/p>\n
Reserve against<\/p>\n
foreign currency deposits 801.5 814.7 808.4<\/p>\n
--------------------------------------------------------<\/p>\n
Net international reserves 14,429.7 14,055.7 13,964.1<\/p>\n
* Liquid gross foreign assets include gold, foreign securities,
\noffshore deposits and special drawing rights.<\/p>\n
** Other gross foreign assets include export drafts, deposits in
\nthe branches of domestic banks in offshore and deposits parked at
\nforeign banks to guarantee letter of credits.<\/p>\n
Table B: Monetary indicators (in billion rupiah)<\/p>\n
Dec. 23 Dec. 31 Jan. 7<\/p>\n
----------------------------------------------------------<\/p>\n
Reserve money 72,564 75,121 74,359<\/p>\n
- Currency in circulation 45,699 48,506 49,127<\/p>\n
- Deposits at central bank 26,458 26,191 24,731<\/p>\n
Net international reserves<\/p>\n
(Rupiah at constant rate) 144,297 140,557 139,641<\/p>\n
(in million dollars) 14,429.7 14,055.7 13,964.1<\/p>\n
Net domestic assets -71,733 -65,436 -65,282<\/p>\n
- Net claims on government -29,236 -9,019 -8,328<\/p>\n
- Net claims on IBRA 137,570 119,673 116,786<\/p>\n
- Liquidity credits 18,735 17,442 17,540<\/p>\n
(of which to Bulog) 7,385 5,876 5,876<\/p>\n
- Open market operations -61,856 -58,833 -57,468<\/p>\n
Source: Bank Indonesia<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bis-net-forex-reserves-drop-to-us1396-billion-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }