Indonesia’s forex reserves improve in February

Indonesia’s foreign-exchange reserves hit 102.79 billion USD at the end of February from 100.7 billion USD in January 2014, the Indonesia central bank (IB) has reported.
Indonesia’s foreign-exchange reserves hit 102.79 billion USD at the end of February from 100.7 billion USD in January 2014, the Indonesia central bank (IB) has reported.

IB Governor Agus Martowardojo attributed the achievement to foreign investors’ capital inflows into the Indonesia Stock Exchange and fixed assets in the first two months of this year.

Foreign investors bought 11.2 trillion rupiah (979 million USD) of shares at the Exchange in the first two months. Meanwhile, foreign owners hold 345 trillion rupiah worth of government bonds in the country’s market.

Foreign capital inflows poured into Indonesia’s stock markets and fixed assets has helped the value of the rupiah rise by 0.3 percent to 11,440 rupiah per USD.-VNA

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