Forex Reserves Up to US$107.7bn

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Selasa, 8 Juli 2014 13:54 WIB

Bank Indonesia. TEMPO/Dinul Mubarok

TEMPO.CO, Jakarta - Bank Indonesia (BI) yesterday announced that the national foreign exchange reserves in June 2014 reached US$107.7 billion, a $0.7-billion increase from May 2014's $107.0 billion.


BI director for communications Peter Jacobs said the forex reserves increase was contributed by a high oil and gas exports revenue, which exceeded the government's need to repay foreign debt.


According to Peter, Indonesia's forex reserves in June can be used to finance approximately 6.2 months of imports, or 6.0 months of imports and government foreign debt payments.


The number is also well above the international adequacy standards of about three months of imports.



MAYA NAWANG WULAN | AYU WANDARI | MOYANG KASIH DEWIMERDEKA




Bank Indonesia

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