JAKARTA (Yosefardi) – Bank Indonesia (BI) recorded foreign exchange (forex) reserves of US$110.5 billion by end July 2014, slightly higher than US$107.7 billion by end June 2014.
The growth of forex reserves was supported by the issuance of Euro Bonds and revenue from export of oil and gas which exceeded the government’s foreign debt payment.
The inflow of foreign capital was also support the forex reserves last month, which could fund the import for 6.4 months.