BI's forex reserves fall

JAKARTA (JP): Bank Indonesia said on Tuesday the country's net foreign exchange reserves fell in the third week of April by US$124.7 million to $18.19 billion compared to the previous week.

The central bank said in its weekly report the decline was primarily due to debt repayments and the transfer of the Jexim loan to Bank Ekspor Indonesia.

Bank Indonesia also said gross international reserves, which are net foreign exchange reserves plus outstanding foreign exchange contracts, declined by $122.6 million to $29.39 billion. (rei)