Fri, 03 Nov 2000

Forex reserves rise again

JAKARTA (JP): Bank Indonesia's foreign exchange reserves rose to US$28.72 billion in the week ended Oct. 31 from $28.33 billion the previous week, according to the latest data issued by the central bank on Thursday.

The central bank attributed the increase to oil export revenue and the disbursement of a foreign loan.

The level of reserve funds was recorded at Rp 97.54 trillion, rising from Rp 94.80 trillion the week before, the central bank said.

Money in circulation amounted to Rp 66.45 trillion from Rp 63.64 trillion.

The central bank said net domestic assets stood at minus Rp 24.77 trillion to minus Rp 24.60 trillion the previous week.