Bank Indonesia's net foreign reserves fall slightly
Bank Indonesia's net foreign reserves fall slightly
JAKARTA (JP): Bank Indonesia's net international reserves dropped slightly by US$220 million to $14.22 billion as of July 24, compared to $14.44 billion the previous week, the central bank said yesterday.
It added the reserve level remained above the $13.4 billion minimum level allowed by the International Monetary Fund in its economic reform program for the country.
Net domestic assets stood at minus Rp 70 trillion as of July 24 compared to minus Rp 73.19 trillion the previous week, BI said. (gis)
Table A: Foreign Reserves (in million dollars)
July 10 July 17 July 24
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Gross foreign assets 18,774.8 18,807.5 19,536.6
- Liquid reserves * - - -
- Other reserves ** - - -
Gross foreign liabilities 3,921.2 3,921.2 4,896.4
Net forward positions -30.0 -30.0 0.0
Reserve against
foreign currency deposits 419.4 417.2 422.2
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Net international reserves 14,404.2 14,439.1 14,218.0
* Liquid gross foreign assets include gold, foreign securities, offshore deposits and special drawing rights.
** Other gross foreign assets include export drafts, deposits in the branches of domestic banks in offshore and deposits parked at foreign banks to guarantee letter of credits.
Table B: Monetary Indicators (in billion rupiah)
July 10 July 17 July 24
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Reserve money 71,895 70,546 72.130
- Currency in circulation 53,220 51,863 50,654
- Deposits at central bank 17,725 17,754 20,505
Net international reserves
(Rupiah at constant rate) 144,042 144,391 142,180
(in million dollars) 14,404.2 14,439.1 14,218
Net domestic assets -71,557 -73,192 -70,050
- Net claims on government -58,758 -63,310 -58,154
- Net claims on IBRA 137,242 138,991 140,443
- Liquidity credits 19,309 19,302 19,575
(of which to Bulog) 7,596 7,579 7,669
- Open market operations -75,263 -74,962 -74,808
Source: Bank Indonesia