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Today's Headlines Foreign Exchange Reserves May 2014

  • Foreign Exchange Reserves of Indonesia Rise to $107B in May 2014

    Foreign Exchanges Reserves of Indonesia Rise to $107 Billion in May 2014

    The central bank of Indonesia (Bank Indonesia) announced that its foreign exchanges reserves had risen to USD $107.0 billion by the end of May 2014, up from USD $105.6 billion at the end of the previous month. This increase primarily stemmed from government oil and gas export earnings as well as an influx of foreign portfolio capital into Southeast Asia's largest economy, which reflects the positive perception of international investors with regard to the economic fundamentals of Indonesia.

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