ID :
35382
Sat, 12/13/2008 - 08:03
Auther :
Shortlink :
https://www.oananews.org//node/35382
The shortlink copeid
RI`S FOREX RESERVES RISE TO US$ 50.6 BILLION: BI
Jakarta, Dec 12 (ANTARA) - Indonesia's foreign exchange reserves now amount to US$50.6 billion or US$420 million more than last November 28, Bank Indonesia (BI or central bank) Governor Boedinono said here Friday.
"The last time we made a computation, we had US$ 50,6 billion," the governor said.
He said BI would continue making efforts to strengthen the country's foreign exchange reserves, especially to anticipate conditions in 2009.
Boediono said, in December 2008 the country's foreign exchange reserves would increase by US$ 2 billion with the funds coming from program aid. In 2009, there would be another addition to the foreign exchange reserves.
"Furthermore, efforts are being made to get support from the balance of payments whereby export earnings are not entered into the state budget but into the foreign exchange reserves account. However, we have yet to announce this to the public," Boediono said.
Previously Boediono had stated that he had talked with The Fed's governor, Ben Bernanke, about the possibility for Indonesia to get Swap facility aid from the US.
Meanwhile, the World Bank recently agreed to give a US$950 million loan to Indonesia which could be used for the country's State Budget needs.
Chairman of World Bank economists in Indonesia, William E Wallace, said the loan could, at least, be additional funds to Indonesia's foreign exchange reserves in December, 2008 since the money could be cleared fast.
"The last time we made a computation, we had US$ 50,6 billion," the governor said.
He said BI would continue making efforts to strengthen the country's foreign exchange reserves, especially to anticipate conditions in 2009.
Boediono said, in December 2008 the country's foreign exchange reserves would increase by US$ 2 billion with the funds coming from program aid. In 2009, there would be another addition to the foreign exchange reserves.
"Furthermore, efforts are being made to get support from the balance of payments whereby export earnings are not entered into the state budget but into the foreign exchange reserves account. However, we have yet to announce this to the public," Boediono said.
Previously Boediono had stated that he had talked with The Fed's governor, Ben Bernanke, about the possibility for Indonesia to get Swap facility aid from the US.
Meanwhile, the World Bank recently agreed to give a US$950 million loan to Indonesia which could be used for the country's State Budget needs.
Chairman of World Bank economists in Indonesia, William E Wallace, said the loan could, at least, be additional funds to Indonesia's foreign exchange reserves in December, 2008 since the money could be cleared fast.
