BI's claim on IBRA down to Rp 132.34t
JAKARTA (JP): Bank Indonesia's claim on the Indonesian Bank Restructuring Agency (IBRA) slightly declined to Rp 132.34 trillion (about US$9.45 billion) on June 26 from Rp 133.28 trillion on June 19, the central bank said in a weekly report.
BI said that the decline was because banks under the supervision of IBRA had settled part of their liquidity credit injected by the central bank.
BI has been injecting credit liquidity to troubled banks, while IBRA has the responsibility of recovering the loan.
The central bank also reported that net domestic assets (NDA) slightly increased to -33.03 on June 26 from the -33.42 level earlier in the week.
BI's net international reserves (NIR) also increased by US$7.6 million to $14.61 billion, it said. (rei)
Table A: Foreign Reserves (in million dollars)
June 12 June 19 June 26
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Gross foreign assets 19,051.4 18,978.0 18,995.6
- Liquid reserves * 12,457.3 12,193.4 12,226.8
- Other reserves ** 6,594.1 6,784.6 6,768.8
Gross foreign liabilities 3,921.2 3,921.2 3,921.2
Net forward positions - 34.0 -34.0 -34.0
Reserve against
foreign currency deposits 428.5 420.9 430.9
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Net international reserves 14,667.7 14,601.9 14,609.5
* 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)
June 12 June 19 June 26
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Reserve money 67,179 67,372 67,689
- Currency in circulation 50,459 50,148 50,454
- Deposits at central bank 15,842 16,309 16,392
Net international reserves
(Rupiah at constant rate) 102,674 102,231 102,267
(in million dollars) 14,667.7 14,601.8 14,609.5
Net domestic assets -33,660 -33,420 -33,034
- Net claims on government -40,273 -44,968 -46,285
- Net claims on IBRA 131,913 133,282 132,339
- Liquidity credits 19,312 19,625 19,511
(of which to Bulog) 7,404 7,634 7,613
- Open market operations -72,420 -72,310 -72,568
Source: Bank Indonesia