Indonesian Forex Reserves Go Up into US$100.3 Billion
8 February 2014 12:50 WIB
TEMPO.CO, Jakarta - Bank Indonesia (BI) announced that Indonesia's foreign exchange (forex) reserves as of January 2014 rose into US$100.3 billion.
Peter Jacobs, BI's Director of Communication Department said that the figure rose by 1.3 billion from that in December 2013, which stood at US$99.4 billion.
According to Peter, the amount of the foreign exchange reserves in January was above the standard to meet the adequacy for around 3 months.
BI said that the amount of the foreign exchange reserves was quite strong to support the strength of external sectors and the sustainability of Indonesia's economy in the future. It also said that the amount of the foreign exchange reserves in January 2014 was the strongest in the past eight months.
FAIZ NASHRILLAH
