Forex reserves up to US$16.21 billion
Forex reserves up to US$16.21 billion
JAKARTA (JP): Indonesia's net foreign exchange reserves
increased slightly, by US$99.7 million to $16.21 billion, in the
week ending on Aug. 6, from $16.11 billion the previous week.
The central bank said in a report issued on Wednesday the
increase was mainly due to the disbursement of $107.1 million in
loans from Japan.
Net foreign reserves were now well above the IMF-adjusted
target of $14.3 billion, the bank said.
The central bank said its gross foreign exchange reserves,
which are net foreign exchange reserves plus outstanding foreign
exchange contracts, also increased during the week by $95.6
million to $26.68 billion.
Net claims on the government were down by Rp 967 billion, to
Rp 128.19 trillion, due to receipts from oil and gas and tax.
Open Market Operations expanded by Rp 1.06 trillion, to minus
Rp 88.35 trillion, mainly due to repayments at the maturity of
central bank certificates of deposit.
The central bank said net domestic assets during the week rose
by Rp 1.36 trillion to minus Rp 42.26 trillion.
It noted the level was below the IMF-adjusted target of minus
Rp 28.85 trillion. (gis)
Table A: Foreign reserves (in millions of dollars)
July 23 July 30 Aug. 6
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Gross foreign assets 26,619.0 26,587.5 26,683.2
- Liquid reserves * - - -
- Other reserves ** - - -
Gross foreign liabilities 9,639.2 9,639.2 9,639.2
Net forward positions 0.0 0.0 0.0
Reserve against
foreign currency deposits 834.3 833.3 829.2
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Net international reserves 16,145.5 16,115.0 16,214.7
* Liquid gross foreign assets include gold, foreign
securities, offshore deposits and special drawing rights.
** Other gross foreign assets include export drafts, deposits
in offshore branches of domestic banks and deposits kept in
foreign banks to guarantee letters of credit.
Table B: Monetary indicators (in billions of rupiah)
July 23 July 30 Aug.6
---------------------------------------------------------
Base money 74,900 77,247 79,353
- Currency in circulation 48,522 50,690 51,390
- Deposits at central bank 25,660 25,818 27,204
Net international reserves
(Rupiah at constant rate) 121,091 120,863 121,610
(in millions of dollars) 16,145.5 16,115 16,214.7
Net domestic assets -46,191 -43,616 -42,257
- Net claims on government 126,301 129,159 128,192
- Net claims on IBRA 14,437 14,441 14,441
- Liquidity credits 26,122 26,665 26,584
(credits to Bulog) 7,744 7,985 7,985
- Open market operations -88,174 -89,412 -88,355
Source: Bank Indonesia