Indonesia's forex reserves rise to 136.4 bln USD in June

JAKARTA, July 7 (Xinhua) -- Indonesia recorded an increase in foreign exchange reserves in June amidst strengthening pressure on the local currency due to the aggressiveness of the United States' central bank the Fed, said the country's central bank Bank Indonesia on Thursday.

Head of the Communications Department of Bank Indonesia Erwin Haryono said the country recorded foreign exchange reserves of 136.4 billion U.S. dollars in June, higher than the previous month's 135.6 billion dollars.

"The increase in foreign exchange reserves in June was partly due to the issuance of government global bonds as well as tax and service revenues," he said.

This figure is equivalent to financing 6.6 months of imports, or 6.4 months of imports as well as payment of the government's foreign debt, and is above international adequacy standards, added Haryono.

Bank Indonesia sees this figure as capable of supporting external sector resilience, as well as maintaining macroeconomic and financial system stability.