RI forex reserves at $14.51b

RI forex reserves at $14.51b

JAKARTA (JP): Indonesia's net foreign exchange reserves
increased to US$14.51 billion in the week ending on March 23 from
$14.39 billion the previous week, Bank Indonesia announced on
Thursday.

The central bank said the increase in foreign exchange
reserves was the result of the government's oil and gas revenues.

The bank said gross international reserves, which are net
foreign exchange reserves plus outstanding foreign exchange
contracts, increased slightly to $24.04 billion from $23.95
billion.

Its net claim on the government also increased by Rp 209
billion to Rp 122.68 trillion.

Net claims on the Indonesian Bank Restructuring Agency (IBRA)
decreased slightly to Rp 8.49 trillion.

The central bank added that the amount of base money fell by
Rp 4.18 trillion to Rp 75.29 trillion from Rp 79.47 trillion,
mainly due to a contraction in the open market operation. (02)