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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Indonesia forex reserves surpass US$115bln

Posted on 12 May 2011

Indonesia’s foreign exchange reserves have surpassed the US$115 billion mark, the highest amount ever, Bank Indonesia (BI) says. BI Governor Darmin Nasution announced Wednesday that forex reserves stood at US$115.8 billion as of May 6, which he said was “very sufficient to tackle speculation and risks of capital outflows”.
This amount compares to the year-end foreign currency reserves in 2010 that amounted to $96.2 billion, representing a $19.6 billion increase (about 20 percent) in the first five months of 2011……………………………………….Full Article: Source

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