Indonesia Foreign Exchange Reserves Fall

Indonesia's foreign exchange reserves in January 2011 reached US$95.3 billion, lower than December 2010 at US$96.207 billion.

According to Bank Indonesia (BI) Deputy Governor Hartadi Sarwono, the falling foreign exchange reserves are due to huge capital outflow.

BI said in a statement that the Indonesian economy will be improved taking into account the high export growth in Q4 of 2010.

Overall record in 2010 shows that Indonesia's balance of payment books quite enormous surplus.

BI Board of Governor believe that the Indonesian economy in 2010 may grow around six percent. The achievement is backed up by the Indonesian economy in Q4 of 2010 which is estimated to hit 6.1 percent, higher than the previous quarter.

As the performance of Indonesia's external economy advances, the Rupiah exchange rate sees low volatililty rate in appreciation.

source : vivanews.com