JAKARTA (Yosefardi) – Indonesia’s foreign reserves grew by US$2.68 billion to US$95.67 billion on end September, 2013, along with improving current account balance.
BI spokesperson Difi A.Johansyah said September’s foreign exchange reserves is equal to 5.2 months of import and the government’s foreing debt payment.
BI’s moves on maintaining the stablility of rupiah currency and, with the government, reducing current account deficit also supported the increase in foreign reserves.
The government’s program of issuing syariah bond in foreign currencies denomination as one option for funding fiscal deficit also helped boosting foreign reserves last month.