Forex reserves fall to $27.2b

JAKARTA (JP): Indonesia's international reserves and foreign currency liquidity fell by US$85.50 million to $27.30 billion in the week ended on Sept. 15, according to the latest data issued by Bank Indonesia.

The central bank attributed the drop to the payment of some of the government's foreign debt.

Primary money supply dropped by Rp 857 billion to Rp 94.37 trillion partly due to the fall in the amount of cash in circulation.

The government's account in Bank Indonesia also dropped by Rp 2.78 billion during the week due to foreign debt repayments, and the payment of interest on the treasury bonds issued to finance bank recapitalization. (hen)