Bank Indonesia Targets US$80 in Exchange Reserve
Thursday, 17 June, 2010 | 09:53 WIB

TEMPO Interactive, Jakarta: Bank Indonesia is targeting to have increase the foreign exchange reserve to from the current level at the end of the year by relying on foreign investment and “positive sentiments toward Indonesia during the rest of the year.

Senior Deputy Governor Darmin Nasution, also the acting governor, said on Wednesday (16/6) the central is expected to collect US$81 billion of foreign exchange, or around US$4 billion higher than the current reserve.

Darmin said fundamentals in domestic economy is relatively strong and least exposed to the European crisis.

Foreign investment he said continue to flow in but highlighted sentiments over domestic and global situation as the important factor that would shape the foreign investment outcome. He said fundamentally Indonesia is able to exceed the US$80 billion target but could be cut down to less than US$80 billion “if there are too many negative global sentiments.”


FAMEGA SYAVIRA