RI's foreign exchange reserves at US$16.58b<\/p>\n
JAKARTA (JP): The country's gross foreign exchange reserves
\nwere US$16.59 billion as of March 31, down slightly from $16.6
\nbillion as of March 13 and $17.07 billion on Feb. 16, Bank
\nIndonesia said yesterday.<\/p>\n
Miranda Goeltom, the central bank's director in charge of
\nmonetary and economic statistics and research, said the current
\nreserves were enough to finance non-oil and gas imports for 4.3
\nmonths.<\/p>\n
That amount includes the disbursement of standby loans
\ntotaling $380 million.<\/p>\n
In addition, the country still had standby loans of $1.04
\nbillion as of the end of last month, she said.<\/p>\n
For the first time in two months, Miranda also announced the
\namount of the country's net international reserves (NIR), which
\nstood at $13.18 billion as of March 31, up from $12.48 as of
\nMarch 13.<\/p>\n
NIR excludes the central bank's gross liabilities or all
\nforeign debts which will mature up to one year, net forward
\nposition or its forward transaction obligations, and foreign
\nexchange deposits of banks at the central bank.<\/p>\n
In an unprecedented move, the bank decided in January to
\ninclude all foreign exchange assets available to the central
\nbank, including foreign exchange deposits by commercial banks and
\nexport drafts, for the official record of its foreign exchange
\nreserves.<\/p>\n
But the bank did not disclose its net international reserves
\nduring February and March. These had fallen drastically to $14.03
\nbillion at the end of January, from $16.43 as of Jan. 15 and
\n$24.56 at the end of last September.<\/p>\n
On Feb. 16, BI recorded its NIR at $13.11 billion, and the
\namount slid to $12.46 billion at the end of February, before
\nincreasing to $13.18 billion at the end of March.<\/p>\n
Below is the development of Indonesia's foreign exchange
\nreserves: (das)<\/p>\n
Period Gross Foreign Assets NIR<\/p>\n
(US$ billion)<\/p>\n
------------------------------------------<\/p>\n
End of 1993 18.82<\/p>\n
End of 1994 17.42<\/p>\n
End of 1995 17.79<\/p>\n
End of 1996 25.53<\/p>\n
1997<\/p>\n
End of March 26.61<\/p>\n
End of June 28.85<\/p>\n
End of Sept. 27.56 24.56<\/p>\n
Dec. 15 22.19 18.86<\/p>\n
End of Dec. 21.42 17.60<\/p>\n
1998<\/p>\n
Jan. 15 20.39 16.43<\/p>\n
End of Jan. 19.06 14.03<\/p>\n
Feb. 16 17.07 13.11<\/p>\n
End of Feb. 16.33 12.46<\/p>\n
March 13 16.60 12.48<\/p>\n
End of March 16.59 13.18<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ris-foreign-exchange-reserves-at-us1658b-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }