Wed, 18 Oct 2000

Forex reserves increase

JAKARTA (JP): Indonesia's international reserves rose by US$102.7 million to $28.23 billion in the week ending Oct. 13 from $28.13 billion in the previous week, according to the latest data issued by Bank Indonesia.

The central bank attributed the increase to revenue from crude oil exports.

The primary money supply, which comprises bank notes and commercial bank reserves held by the central bank, dropped by Rp 1.69 trillion to Rp 96.17 trillion from Rp 97.86 trillion in the previous week partly due to a fall in the money in circulation.

The government's account in Bank Indonesia rose by Rp 2.48 trillion due tax payments and revenues from oil and gas exports. (hen)