Bank Indonesia recorded reserves until the end of September amounted to U.S. $ 86.5 billion. Foreign exchange reserves are sufficient for payment of imports and government debt during the 6.5 months.
Governor of Bank Indonesia Nasution said the improved export performance pushed the current account in the third quarter of 2010 still recorded a surplus, although lower than the previous quarter. While the capital and financial account recorded a surplus was still large enough in line with the high capital inflows which encourages the strengthening of the rupiah.
Overall, Indonesia's balance of payments (NPI) in the third quarter of 2010 still recorded a surplus big enough, "So that foreign exchange reserves increased to U.S. $ 86.5 billion," he said in a press conference at the office of Bank Indonesia, Tuesday, October 5, 2010.
This figure shows the foreign exchange reserves surged more than $ 5 billion in a month. End of August 2010, BI reserves of U.S. $ 81.3 billion.
On the domestic side, economic growth until the third quarter of 2010 grew quite high, mainly driven by domestic consumption and export. The strength of household consumption is driven by the availability of financing consumption, still rising consumer optimism, and low import prices.
Meanwhile, the increase in exports driven by strong demand from China and India and rising international commodity prices. In line with the strong consumption and exports, investment began to increase as reflected in increased imports of machinery, raw materials, and increased working capital loans.
By sector, high growth still occurred in trade, hotels and restaurants and transport and communications sector. "This is in line with domestic demand," he said. Indonesia Today
