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INDONESIA POSTS BOP SURPLUS OF US$3.6 BLN IN Q2.
JAKARTA, Oct 1 Asia Pulse - Indonesia posted a balance of payments surplus of US$3.6 billion in the second quarter of 2007 compared to US$3.4 billion in the same period last year, Bank Indonesia said.
Current accounts and capital and financial accounts contributed to the surplus, the central bank said in a press statement issued on Friday.
In the second quarter of 2007, current accounts enjoyed a surplus of about US$2.6 billion against US$1.7 billion in the same period last year, while capital and financial accounts recorded a surplus of US$2.1 billion against US$25 million, it said.
The central bank projected the balance of payments in 2007 to see a surplus of an estimated US$11.5 billion with current accounts expected to record a surplus of US$10.8 billion or 2.5 per cent of the gross domestic product. Last year, current accounts recorded a surplus of US$9.9 billion.
The promising prospects for current accounts were particularly fueled by the strong growth of the country's non-oil/non-gas exports thanks to the improving global ...
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Source: HighBeam Research, INDONESIA POSTS BOP SURPLUS OF US$3.6 BLN IN Q2.