Foreign Exchange Reserves Reach US$116.5 Bn

Nasabah menukar uang dolar di Bank Korea, Seoul
Sumber :
  • AP Photo/Ahn Young-joon

VIVAnews - The high capital inflow leads to higher national foreign exchange reserves reaching US$116.5 billion by May 20, 2011. Compared to April 29, 2011, of US$113.8 billion, the reserves rose US$2.7 billion within three weeks.

"Foreign exchange reserves by May 20 reached US$116.5 billion," said Governor of Bank Indonesia, Darmin Nasution, on Friday.

Darmin said the current depreciation of rupiah is still normal. "The pressure against the rupiah is considered insignicant," he said.

Darmin said the deflation rate in May is possible despite the low percentage of below 0.1 percent. The reason for this is that food prices tend to weaken.

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25 April 2024