Foreign Exchange Reserves Rise

VIVAnews - Indonesia's foreign exchange reserves in April 2009 rose by US$1.76 billion to US$56.67 billion compared to March with US$ 54,84 billion.

It was the highest position in 2009. In February 2009, the foreign exchange reserves were at US$50.564 billion, lower than in January with US$50.869 billion.

Bank Indonesia (BI) stated through a written statement on Tuesday, May 5, that the national banking condition is solid with high capital adequacy ratio of 17.4 percent and gross non-performing loan of under 5 percent.

Banks' liquidity, which includes interbank financial market's liquidity, is improving and third-party fund is increasing. Loan distribution in the first quarter of 2009 was not yet optimal. But it is expected to increase in the second quarter of 2009.  

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Translated by: Ariyantri E. Tarman