JAKARTA (Yosefardi) – Indonesia’s foreign reserves fell US$2 billion to US$105 billion on May 31, 2013.
Agus Martowardojo, governor of Bank Indonesia, said monetary operation contributed to the decline.
Kontan.co.id quoted Agus saying the foreign reservers might decline further if US won’t proceed with quantitative easing.
Rupiah, meanwhile, ended higher to Rp9790/USD Friday (June 7th) from Rp9807/USD on Wednesday.
The central bank is scheduled to make decision on the benchmark BI rate next week. The current rate is 5.75%, which has been maintained for quite sometime now.