BI spokesperson Difi Johansyah said in a statement that the latest forex figures held by the central bank represents 6.2 months of import and government foreign debt payment bills, and was higher than the standard level.
The forex reserves reached $99.6 billion on Feb. 28 and swelled to $101.8 billion on Mar. 3, showing a $2.2 billion increase in three days, he said.
“Capital and financial transactions are still expected to book a surplus in line with strong capital inflows, including in direct investment,” Difi said.
Foreign investors pumped Rp 27 trillion into the nation’s debt market of government bonds and BI certificates through February, appreciating the rupiah by 2.5 percent to a four-year high of Rp 8,818 against the US dollar as of Feb. 28.
