RI's Forex Reserves Quite Safe: BI

Jakarta (Antara) - Indonesia's foreign exchange reserves which reached US$105.1 billion at the end of May 2013 are quite safe as they are still above the international adequacy standard, a Bank Indonesia official said. According to the standard, safe foreign exchange reserves are equal to three months of imports and foreign debt repayments, the central bank's director of communication department Peter Jacobs said here on Thursday. He said Indonesia's foreign exchange reserves are enough to finance imports and foreign debt repayments for 5.8 months. Bank Indonesia Governor Agus Martowardojo said earlier the country's foreign exchange reserves fell to US$105 billion in May from US7 billion in April as a result of the central bank's monetary operations. (*)