Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
weather-icon
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon

    Wed

    26℃ - 32℃

  • weather-icon

    Thu

    25℃ - 32℃

  • weather-icon

    Fri

    25℃ - 31℃

  • weather-icon

    Sat

    26℃ - 30℃

Foreign exchange reserves rise to $131.9 billion: BI

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Thu, February 8, 2018 | 11:53 am
Foreign exchange reserves rise to $131.9 billion: BI Bank Indonesia has its headquarters on Jl. MH Thamrin in Central Jakarta. (JP/Wienda Parwitasari)

Bank Indonesia has reported that Indonesia`s foreign exchange reserves increased to US$131.9 billion as of late January, up from $130.2 billion in the previous month.

The increase was attributed to tax and foreign exchange receipts from the government`s share of oil and gas exports, the withdrawal of the government`s foreign loans and proceeds from the auction of foreign currency-denominated Bank Indonesia Securities (SBBI).

"The foreign exchange receipts are needed particularly to repay the government`s foreign debt and maturing SBBI in foreign currency," BI spokesman Agusman said on Wednesday, as reported by news agency Antara.

According to the central bank, the foreign exchange reserves are enough to finance 8.5 months of imports or 8.2 months of imports and government foreign debt obligations.

The foreign exchange reserves far exceed the international adequacy standard at around three months of imports.

BI said it believed the foreign exchange reserves would help maintain the positive trend in national economic growth. (bbn)

Join the discussions