It is still well above the the international adequacy standard of 3 month imports."Jakarta (ANTARA News) - Bank Indonesia (BI) said the countrys foreign exchange reserve fell slightly to US$102.6 billion by the end of March, 2014 from US$102.7 billion a month earlier.
"The decline was attributable mainly to repayment of the governments debt in international bond maturing in March 2014," Communications Executive Director of BI Tirta Segara said in a news release issued here on Monday.
The foreign exchange reserves are enough to finance 5.9 months of imports and servicing of government foreign debts.
"It is still well above the the international adequacy standard of 3 month imports," Tirta said.
Bank Indonesia said the foreign exchange reserves could still sustain resilience in external sector and Indonesian economic growth.
(Uu.H-ASG/B003)
Editor: Priyambodo RH
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