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Indonesian central bank forex reserve rises to 115.5 bln USD

Xinhua, March 6, 2015 Adjust font size:

The foreign exchange reserve of Indonesian central bank scaled up to 115.5 billion U.S. dollars at the end of February from 114.3 billion U.S. dollar at the end of January, official said here on Friday.

"Our foreign exchange reserve rose to 115.5 billion U.S. dollars," at the end of February, Deputy Governor of the central bank Halim Alamsyah said at the finance ministry.

The hike occurred after the government issued global bonds and the hikes on the deposits of banks at the central banks and the result of oil and gas exports.

Rupiah has passed physiological level to 13,025 per one U.S. dollar on Thursday, falling from 12,917 on Wednesday's closing.

The central bank governor Agus Martowardjojo said that the bank was ready for intervention to stabilize rupiah.

The U.S. Fed reserve's plan to raise interest rate due to improved economy has triggered capital outflows from emerging market, including Indonesia.

The central bank has forecast the country's current account deficit gap 3 to 3.5 percent of the GDP in 2015, expanding from its estimate of 3 percent of the GDP in 2014.

The lender on Feb. 17 unexpectedly lowered its benchmark interest rate by 25 basis points to 7.5 percent to accelerate economic growth. Endi