Forex reserves down

Forex reserves down

JAKARTA: Bank Indonesia said on Monday that foreign exchange
reserves dropped by US$3.3 million in the fourth week of January
to $27.77 billion from a week earlier.

The central bank said in a statement that the decline was
primarily due to the repayment of government overseas debt.

Bank Indonesia also said that base money as of the end of
January reached Rp 116.49 trillion, a Rp 3.22 trillion increase
from the position a week earlier.

The central bank said that the increase was due to higher
notes in circulation at the end of the month due to salary
payments. -- JP