RI forex reserves decline

RI forex reserves decline

JAKARTA (JP): Indonesia's gross foreign exchange reserves fell
to US$28.59 billion in the week ended on May 23 from $28.62
million the previous week, Bank Indonesia said in its weekly
report.

Bank Indonesia said base money, which includes the currency in
circulation and commercial bank funds held by the central bank,
saw an increase of Rp 4.26 trillion to Rp 107.74 trillion from Rp
103.48 trillion the previous week.

The central bank also said the weighted average interest rate
on the one-month Bank Indonesia certificate (SBI) increased
slightly to 16.38 percent at the weekly auction on Wednesday,

The central bank said it received Rp 16.2 trillion worth of
bids at the auction.

The rate of the three-month SBI note rose to 16.28 percent
from 15.79 percent.(hen)