Indonesia end-Jan forex reserves down 1.3 percent at 56.28 billion US dollars

JAKARTA - Bank Indonesia's foreign exchange reserves were down 1.3 percent at 56.28 billion US dollars at the end of January from December, Bank Indonesia said Wednesday.

'The decline was mainly due to foreign debt payment,' Bank Indonesia director for public relations Amril Arief told Thomson Financial.

Te central bank used part of the reserves to intervene in the foreign exchange market during the period, Arief said. But he said the amount was not significant.

(1 US dollar = 9,227 rupiah)

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