The foreign exchange reserves were calculated using an International Reserve and Foreign Currency Liquidity (IRFCL) concept based on the current prices with an official reserve asset (ORA) format, the central bank said in a monetary development report posted on its official website on Monday.
The IRFCL concept only covers liquid assets assessed using the exchange rate at the end of reporting period, the report said.
The report said the amount of base money as per March 28, 2013 reached Rp664.94 trillion compared to Rp655.49 trillion in the month ended February 28, 2013.
The figure included banknotes and coins in circulation amounting to Rp394.82 trillion, up from Rp387.68 trillion a month earlier.
The report also said bank giro balance in Bank Indonesia as of March 28, 2013 stood at Rp230.86 trillion compared to Rp229.28 trillion a month ago.
Foreign exchange reserves are a net position of the government`s and foreign exchange banks` overseas assets that must be maintained to finance international transactions.
(Reporting by Agus Salim, editing by Suharto)
Editor: Priyambodo RH
Copyright © ANTARA 2013
