Feb FX reserves up $2 billion as foreign fund inflows grow
Bareksa • 10 Mar 2014
Grafik Indonesia Foreign Exchange Reserves - (TheJakartaPost)
BI’s forex reserves saw a significant boost this year
The Jakarta Post - Indonesia’s foreign exchange (forex) reserves rose by US$2 billion by the end of February, as the strong foreign inflows during the month offered an opportunity for the central bank to absorb dollars from the market.
Bank Indonesia (BI) announced on Friday that its forex reserves figure in February topped $102.7 billion, the highest level in nine months, compared to the $100.7 billion it recorded at the end of January.