Jakarta (Antara Bali) - Indonesia's foreign exchange reserves increased to US$ $110.5 billion at the end of July 2014, from US$ $107.7 billion in the previous month.
The increase was mainly because of receipts from the Euro bonds issued by the Indonesian government and foreign exchange earnings from oil and gas exports, Bank Indonesia's Executive Director of Communication Tirta Segara, said in a statement over the weekend.
Buoyant foreign capital inflows also had a positive impact on the accumulation of the official reserve assets, the central bank said.
The reserve assets in July covered 6.4 months of imports or 6.2 months of imports and servicing of government external debt repayment, which is above the international standards of reserves adequacy during three months of imports.
"Bank Indonesia considers the foreign exchange reserve hike positive for the efforts to strengthen the external sector resilience, and for maintaining the sustainability of Indonesia's economic growth in the future," Tirta Segara stated. (WDY)
Indonesia's Foreign Exchange Reserves Up in July
Pewarta : 11 Agustus 2014 08:35 WIB
