A report issued by the central bank said the foreign exchange reserves fell from US$108.78 billion on Jan. 31 based on current prices.
It was calculated with the concept of International Reserve and Foreign Currency Liquidity (IRFCL) based on the format of Official Reserve Asset (ORA), the report issued on Friday said .
The IRFCL concept covers only assets categorized liquid using current exchange rate.
The report on monetary developments also said the primary money in circulation by Feb. 28 totaled Rp655.49 trillion , down from Rp664.01 trillion on Jan. 31.
The total amount by 28 February included Rp387.68 trillion in paper and metal money down from Rp395.02 trillion on Jan. 31.
Meanwhile, the balance bank giro reserves held by Bank Indonesia totaled Rp229.28 trillion on Feb. 20 , down from Rp232.59 trillion on Jan. 31.
Foreign exchange reserves are net assets in foreign exchanges of the government and foreign exchange banks provisioned for international transactions, to finance imports and repay foreign debt.
(H-ASG/O001)
Editor: Jafar M Sidik
Copyright © ANTARA 2013
