Indonesian Foreign Exchange Rises by US$1.4 B
8 June 2014 01:06 WIB
TEMPO.CO, Jakarta - Executive Director of Communication Department of Bank Indonesia (BI) Tirta Segara said that Indonesia's foreign exchange as of May 2014 reached US$107 billion. The figure rose by US$1.4 in comparison with the latest position at the end of April 2014, which was US$105.6 billion.
"The increase in the foreign exchange was influenced by the revenues of exchange from the government's oil export and the flow of foreign investors that reflect positive perceptive of investors towards the condition of the country’s economy," said Tirta in a text message, Friday, June 6, 2014.
At this level, he said, the foreign exchange could be used for 6.2 months or 6.0 month of import and to settle the government's foreign debt and is also above the international standard for around 3 months of export.
He also said that the rise in the foreign exchange would give a positive impact to the efforts to strengthen external sectors and to maintain the sustainability of Indonesia's economy in the future.
MAYA NAWANGWULAN
