JAKARTA (Yosefardi) – Indonesia’s foreign reserves grew by US$1.3 billion to US$97 billion by end October, 2013, along with improving earnings from government’s oil and gas export.
BI spokesperson Peter Jacobs said October’s foreign exchange reserves was equal to 5.5 months of import and the government’s foreign debt payment.
BI views that the current forex reserves is sufficient for supporting the resilience of external sector.
In September 2013, Indonesia’s forex reserves grew by US$2.68 billion to US$95.7 billion, supported by lower current account deficit and foreign-currencies syariah bond issuance.