extreme-weird & wonderful things

Attack Foreign Affairs, Foreign exchange Translucent U.S. $ 81 Billion
Foreign capital inflows in the form of FDI (foreign investment) grew quite rapidly.
Friday, 3 September 2010, 14:49 AM
Heri Susanto, Nur Farida Ahniar

  (AP Photo / Lee Jin-man)
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VIVAnews - Bank Indonesia recorded during one month of foreign exchange reserves increased by more than U.S. $ 2 billion from U.S. $ 78.79 billion at the end of July to U.S. $ 81.3 billion at the end of August 2010.

Bank Indonesia Governor Nasution revealed from the external side, the balance of payments recorded a surplus which is relatively high, driven primarily by higher surpluses on capital and financial.

"Influx of foreign capital in the form of FDI (foreign investment) grew quite rapidly despite foreign portfolio inflows still remain dominant," said Nasution. Invasive foreign investors, he said, in line with improving the positive perception of foreign investors in Indonesia's economic prospects.

However, on the trade balance, the surplus is expected to decline due to increasing imports of high enough in line with domestic economic activity increased.
With these developments, the foreign reserves on August 31, 2010 increased to U.S. $ 81.3 billion, equivalent to 6.1 months of imports and government foreign debt payments.

"Balance of payments surplus, a positive investor perception of risk, and the attractiveness of yields in turn encourages the strengthening of the rupiah during August 2010," he said.
• VIVAnews