JAKARTA (Yosefardi) – Bank Indonesia (BI) recorded foreign exchange (forex) reserves of US$102.74 billion in February 2014, increased from US$100.65 billion in previous month.
The forex reserves could fund the import for 5.9 months and and government’s foreign loan payment for 5.7 months.
BI governor Agus D.W. Martowardojo said the increase of forex reserves was mainly supported by the capital inflow which totaled Rp36 trillion as of February 2014, compared to Rp28 trillion by end of 2013.
This helped the rupiah’s appreciation against the US dollar, to reach Rp11,300 level Friday (March 7). BI had also signed Bilateral Currency Swap Arrangement (BCSA) with Bank of Korea as part of supporting the rupiah.