Foreign Exchange Reserves Up on Oil, Gas Revenue
Bareksa • 08 Jul 2014
Seorang pria duduk dengan latar lambang mata uang dolar di Jakarta. (ANTARA FOTO/Rosa Panggabean)
Foreign investors have kept buying Indonesian financial assets.
Bareksa.com - Indonesia’s foreign exchange reserves increased 0.7 percent in June, thanks in part to the rise in the government’s oil and gas revenue and higher foreign-exchange term deposits at local banks.
“The increase in foreign exchange reserve is mainly due to government oil and gas revenue that exceeds the foreign debt payment,” said Peter Jacob, a central bank director in Jakarta Globe.
Foreign investors have bought net Rp 45 trillion in Indonesian stocks so far this year. Foreigners own Rp 403.59 trillion in tradeable government bonds, or 36 percent of the total, up from Rp 323.83 trillion, or 33 percent, at the end of last year.