TheJakartaPost

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

BoP deficit falls sharply thanks to inflow of foreign funds

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Mon, November 11 2019   /  01:56 am
Foreign funds: A money trader shows United States banknotes in a foreign currency exchange in Jakarta. According to Bank Indonesia’s latest report, the surplus in its capital and financial accounts rose in the third quarter of this year thanks to the increase in foreign investors holding onto government bonds.(JP/Dhoni Setiawan)(JP/Dhoni Setiawan)

Foreign funds: A money trader shows United States banknotes in a foreign currency exchange in Jakarta. According to Bank Indonesia’s latest report, the surplus in its capital and financial accounts rose in the third quarter of this year thanks to the increase in foreign investors holding onto government bonds.(JP/Dhoni Setiawan)Indonesia posted a narrower balance of payments (BoP) deficit in the third quarter of this year on the back of a decline in the current account deficit, driven by lower oil imports due to the mandatory use of B20 biodiesel.In the same period, the surplus in the capital and financial accounts increased due to the influx of foreign funds into government bonds, which offer attractive returns.Bank Indonesia’s (BI) latest data reveal that the deficit in the balance of payment narrowed to US$46 million in the third quarter, a significant decline from the $4.3 billio...