Forex reserves fall to $27.2b

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)