REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia's foreign exchange (forex) reserve increased from 104.80 billion USD in 28 March to 107.27 billion USD in April 30. Deputy Governor of Bank Indonesia, Hartadi A Sarwono said that global bonds sale contributed to the increase.
"Government issued global bonds up to 3 billion USD in March," he said on Friday, then added that government would use the fund to finance the state budget.
Currently rupiah is still uder pressure. In the first quarter, the current account deficit was caused pressure on the exchange rate.
The current account deficit in the fourth quarter of 2012 totaled 7.8 billion USD or 3.6 percent of gross domestic products (GDP). The increase in the current account deficit due to an increase in oil and gas' trade balance deficit while non-oil's trade balance surplus decreased.
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