Stronger rupiah allows for more reserves: Bank Indonesia

Jakarta

SOUTHEAST ASIA'S best-performing currency is giving Indonesia's central bank the opportunity to continue increasing foreign reserves from a four-year high, a senior official said.

"If we see the chance to build our reserves, then surely we will take advantage of it," Doddy Zulverdi, Bank Indonesia's executive director for monetary management, said in an interview at his Jakarta office last Friday. "We don't need to be too forceful about it as our reserves are sufficient, but I wouldn't say we have too much."