RI forex reserves increase

Wed, 11 Apr 2001, 00:00 WIB | Source: JP

JAKARTA (JP): Indonesia's net foreign exchange reserves rose
US$88.7 million to $28.76 billion as of April 6 from $28.67
billion on March 30, according to Bank Indonesia.

The central bank said in its latest weekly report on Tuesday
the rise was due to revenue from oil and gas exports.

The central bank also said the volume of primary money
increased Rp 848 billion to Rp 104.10 trillion, partly the result
of an increase in the cash supply and banks' deposits at the
central bank.

The government's net account at the central bank also showed
an increase of Rp 5.72 trillion, mostly from tax payments and
receipts from oil sales.

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