Friday, August 18, 2017 - 0:29:55

Indonesia: 2013 foreign currency reserves reach 99.4 bln USD

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Indonesia ’s foreign currency reserves reached 99.4 billion USD in 2013, according to the Bank of Indonesia.

The Bank of Indonesia (BI) added that current reserve position is equivalent to 5.4-5.6 months of import and servicing of government external debts and remains above the international standards of reserve adequacy.

According to BI Governor Agus Martowardojo the improved reserves will support its policy to reduce current account deficit to a more sustainable and healthier level as well as the bank’s efforts to stabilise the national currency.

The bank on January 8 decided to keep its benchmark interest rate unchanged at 7.5 percent to stimulate economic growth and curb inflation.-VNA
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