Forex reserves rise again

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.