BI forex reserves up again

BI forex reserves up again

JAKARTA (JP): Bank Indonesia's gross foreign exchange reserves rose again to US$29.02 billion in the week ending on Nov. 30 from $28.96 billion in the previous week, the central bank said in its weekly report.

Bank Indonesia attributed the increase to a rise in oil revenues.

The primary money supply showed an increase of Rp 3.68 trillion to Rp 100.6 trillion due to a seasonal increase in the circulation of bank notes at the end of the month.

The central bank said that net domestic assets expanded by Rp 3.86 trillion to a negative Rp 23.65 trillion. (hen)