tag:blogger.com,1999:blog-76756824748168089762012-02-16T11:34:42.440-08:00Ponco Susantonoreply@blogger.comBlogger11100tag:blogger.com,1999:blog-7675682474816808976.post-5896505210184922582012-02-11T08:21:00.000-08:002012-02-11T08:22:02.753-08:00No. 14/4 / PSHM / Public Relations <br /><br />Indonesia Balance of Payments (BOP) for the whole year 2011 saw a surplus of U.S. $ 11.9 billion. Current account and capital and financial transactions each contributed surplus of U.S. $ 2.1 billion and U.S. $ 14.0 billion. The current account surplus is sustained by the export performance is still able to grow quite high even though faced with a weakening global demand. Meanwhile, the surplus of capital and financial transactions are supported by inflows of foreign direct investment (FDI) and the withdrawal of foreign debt increase private sector investment climate and macroeconomic stability is maintained. With these developments, the amount of foreign exchange reserves increased from U.S. $ 96.2 billion at the end of 2010 to U.S. $ 110.1 billion at the end of 2011 *), equivalent to 6.4 months of imports and foreign debt payments. <br /><br />On a quarterly basis, the balance of payments showed a positive performance in quarter I and II, such as export commodity prices in that period were still high and growing inflows of foreign portfolio investment is still pretty heavy. Entering the third quarter, the balance of payments turned into deficit, mainly due to the negative impact of financial crisis in Europe which led to the outflow of foreign portfolio investment. Negative pressure to the NPI and then decreased in the fourth quarter after re-entry of foreign portfolio investment and foreign direct investment and withdrawal of private sector debt increased significantly. Although overall improved balance of payments in the fourth quarter was marked by a deficit on current account. The deficit was relatively small (approximately 0.4% of GDP) due to increased imports in line with strong domestic demand, while exports declined due to global demand and commodity prices weakened. <br /><br />Balance of payments statistics in 2011 can be seen in the attached table, and the complete report can be accessed through the website of Bank Indonesia (http://www.bi.go.id) on February 23, 2012. <br /><br />Jakarta, February 10, 2012 <br />Directorate of Strategic Planning <br />and Public Relations <br /><br />Dyah NK Makhijani <br />Director <br /><br />*) Based on recent data, the amount of international reserves of Bank Indonesia at the end of January 2012 stood at U.S. $ 112.0 billion. <br /><br />Note: <br />Press Release following the issuance of the NPI will be held on May 11, 2012 (one day after the execution of the Board of Governors in May 2012).<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/7675682474816808976-589650521018492258?l=free-bank.blogspot.com' alt='' /></div>Ponco Susantonoreply@blogger.com0