RI forex reserves rise again

JAKARTA (JP): Indonesia's net foreign exchange reserves rose by US$99.90 million to $16.65 billion in the week ending Dec. 7, from $16.55 billion in the previous week, Bank Indonesia reported on Thursday.

The central bank said in its weekly report that the increase was due to revenue from oil and gas exports, and the disbursement of foreign debts.

The gross international reserves -- net foreign exchange reserves plus outstanding foreign exchange contracts -- rose by $109.20 million to $27.59 billion, the central bank said.

The primary money in circulation increased by Rp 1.96 trillion to Rp 83.76 trillion as of Dec. 7, due to an increase in the money in circulation.

The central bank said net claims on the government rose to Rp 129.96 trillion, from 129.44 trillion a week earlier. (hen)