RI forex reserves rise to US$15.8 billion<\/p>\n
JAKARTA (JP): The country's net foreign exchange reserves
\nincreased by US$1.4 billion to $15.8 billion in the week ending
\nMarch 31, Bank Indonesia announced in its weekly report.<\/p>\n
The central bank said on Monday the increase resulted from
\ngovernment oil and gas revenues and disbursement of foreign
\nloans.<\/p>\n
The latter include $458.8 million from the International
\nMonetary Fund, $320 million from the Asian Development Bank,
\n$529.7 million from Japan's Overseas Economic Cooperation Fund
\nand $503.4 million from Japan's Exim Bank.<\/p>\n
BI said the level was above the IMF adjusted net international
\nreserve of $11.4 billion.<\/p>\n
Gross forex reserves increased by $1.8 billion to $25.8
\nbillion.<\/p>\n
Government deposits in the central bank declined by Rp 346
\nbillion, mainly due to payments for subsidized credit programs,
\ntime deposit guarantee at liquidated banks and servicing of
\nforeign debt, BI said.<\/p>\n
Net claims on the Indonesian Bank Restructuring Agency (IBRA)
\ndecreased by Rp 335 billion from the level the previous week, it
\nsaid.<\/p>\n
The central bank added that net domestic assets during the
\nweek declined by Rp 9.7 trillion to negative Rp 79.5 trillion.<\/p>\n
It noted the level was below the IMF adjusted target of
\nnegative Rp 39.52 trillion. (rei)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ri-forex-reserves-rise-to-us158-billion-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}