RI Foreign Exchange Reserve Reaches USD71, 8 Billion

Bank Indonesia (BI) to reveal if the Indonesian foreign exchange reserves up to the end of first quarter-2010 reached USD71, 8 billion, equivalent to 5.8 months of imports and government foreign debt payments.

This was revealed Nasution Acting Governor of BI Board of Governors Meeting (RDG) BI, in BI Building, Jakarta, Tuesday (6/4/2010).

Figures such as the strengthening of reserves for the domestic economy continuing global economic performance supported a more conducive. Development until the first quarter-2010 showed the global economic recovery, especially in the United States (USA, China and India, is faster and stronger than previously thought.

"Meanwhile, the Greek settlement of the debt crisis has so far responded positively by economic actors and only a limited impact on financial markets," he said.

Global economic recovery coupled with the risk perception has driven the increasingly strong optimism in the financial market and commodity markets as reflected by the indicators of capital market, commodity prices and increasing world trade volume is higher than original estimates. Likewise the increase in global capital flows to emerging markets, including Indonesia.

In addition, strengthening the domestic economy is reflected in the development of an improved external side, a stronger exchange rate, price stability is maintained, and the prospect of higher economic growth

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