Jakarta (ANTARA News) - Bank Indonesia said its foreign exchange reserve rose US$200 million to US$107.7 billion by the end of April 2016.

The foreign exchange reserve was enough to finance the countrys imports for 8.1 months or imports and foreign debt service for 7.8 months, the countrys central bank said here on Tuesday.

The increase of US$200 million was from the sales of Bank Indonesias securities by the end of March and other revenues.

"Revenues until end of April exceeded the countrys foreign exchange requirement mainly to service the governments foreign debts," the central banks spokesman Arbonas Hutabarat said.

The foreign exchange reserve was well above the international adequacy standard which is based on the fund needed for three months imports.

The monetary authority said the reserve could sustain resilience against external factors and economic growth.

Editor: Priyambodo RH
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