JAKARTA. Indonesian foreign exchange reserves increasing from U.S. $ 77 billion in the third week April 2010 to U.S. $ 78.6 billion at the end of April so help countries in debt repayment and other financing, such as rice and oil for the benefit of the people. With a total revenue of it, at least the state can pay for debt repayments for a period of five to six months ahead.
"The only foreign exchange reserves reached U.S. $ 50 up to 55 billion, the state can pay for debt repayments for a period of four months. Supposedly, with achievement to break the U.S. $ 78 billion more, the state can pay the mortgage debts of more than that, "said Anwar Fahrial financial analysts, Wednesday (5 / 5).
He stated that the achievement of a positive image of the central bank to lift this market can not be separated from efforts by Bank Indonesia (BI) buying dollars every day. "Wibawa central bank lifted. BI aggressively buy dollars, especially when the rupiah strengthened and the dollar weakened, through several banks, including Bank Mandiri and BNI, "he added.
Further.
In addition, increasing foreign exchange reserves amounted to U.S. $ 1.6 billion in just one week is also influenced by the surge of foreign flows to Indonesia. "The increasing confidence of international investors about the prospects of the domestic economy plays a major role in increasing foreign exchange reserves now," explained Fahrial.
However, the BI should still have to monitor the entry of foreign investors to Indonesia. Because, if they go in droves to Indonesia, then walk away together, the domestic economy will fall.
"Our country embraces free foreign exchange regime, unlike other countries that impose a minimum stay for foreign waku. Their entry was to bring a positive influence, but on the other hand would be very harmful if not controlled, "added Fahrial
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