JAKARTA, Jan. 9 (Xinhua) -- Indonesian central bank foreign exchange reserve (forex) rose at the end of December as rupiah volatility eased against the U.S. dollar.
The lender announced in a statement on Monday that the bank's forex reserve increased to 116.362 billion U.S. dollars at the end of December from 111.466 billion U.S. dollars at the end of November.
Decrease on rupiah volatility has led the central bank requiring fewer funds to stabilize rupiah against the greenback in December, compared with that in the preceding month, Perry Warjiyo, a deputy governor of the bank has revealed.
Rupiah was at the range of 13,300 to 13,500 against one U.S. dollar in December, according to the central bank data.
In November the forex reserve was down 4 billion U.S. dollars due to higher rupiah volatility after the presidential poll in the United States.
For the whole of last year, rupiah gained 2.3 percent against the U.S. dollar.
The forex reserve in December is sufficient to finance 8.8 months importation or 8.4 months importation and foreign loan, the statement said.
