Indonesian forex reserves reach $60.56 bln by July

By Xinhua,

Jakarta : Indonesia’s foreign exchange reserves rose from 59.45 billion U.S. dollars at the end of June to 60.56 billion U.S. dollars at the end of July, Indonesian central bank said in a report published on its website Wednesday.

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In a forecast made earlier, the central bank has said that forex reserves would increase to 69.03 billion U.S. dollars by the end of this year from 56.92 billion U.S. dollars at the end of 2007, supported by stronger exports, according to Antara news agency.