Indonesian Political, Business & Finance News

Forex reserves rise to $28.96b

| Source: JP

Forex reserves rise to $28.96b

JAKARTA (JP): Bank Indonesia's foreign currency reserves rose
by US$300.90 million to $28.96 billion as of Nov. 23 from $28.662
billion in the previous week, according to the central bank's
latest weekly report.

The central bank attributed the increase to revenues from oil
and gas exports.

The central bank also said that base money or primary money
supply fell to Rp 96.47 trillion from Rp 96.89 trillion in the
previous week partly due a drop in the cash in circulation. (hen)

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