Covid-19 or not! Indonesia's money supply grows to over US$480bil in January; virus total now almost 1.3 million

A health official conducts a mass vaccination for police personnel at the police headquarters in Surabaya on Tuesday (Feb 23, 2021), as part the country's efforts against the coronavirus pandemic. - AFP

JAKARTA, Feb. 23 (Xinhua): Indonesia's economic liquidity or money supply (M2) in January 2021 amounted to 6,761.0 trillion rupiahs (US$480.2 billion) up 11.8 percent year-on-year, an official said.

Based on its component, the M2 growth was driven by quasi money, which grew by 9.7 per cent year-on-year, lower than the 10.5-per cent growth in December last year, particularly for time deposits, Erwin Haryono, executive director of the Communication Department at the Bank Indonesia, said in a statement on Tuesday.