JAKARTA (Yosefardi) – Bank Indonesia (BI) recorded foreign exchange (forex) reserves of US$102.6 billion in March 2014, slightly lower than US$102.74 billion in previous month.
The forex reserves, as considered stable, could fund the import for 5.9 months and and government’s foreign loan payment for 5.7 months.
BI deputy governor Halim Alamsyah said the decline of forex reserves was mainly due to the debt payment by some state companies.
The capital inflow and the improving rupiah performance also helped maintain the stable forex reserve during January-March period. The rupiah is now traded at Rp11,315 against the US Dollar, appreciated 7.5% from Rp12,238 in January 7, 2014.