Official Reserve Assets Are High Enough in January 2019 - Bank Sentral Republik Indonesia
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July 19, 2019
No. 21/9/DKom
 
Indonesia’s official reserve assets at the end of January 2019 were quite high at USD120.1 billion, although lower than the end of December 2018 position which stood at USD120.7 billion. The reserve asset position was equivalent to financing of 6.7 months of imports or 6.5 months of imports and servicing of government external debt, well above the international standard of reserve adequacy of 3 months of imports. Bank Indonesia considers the official reserve assets position is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.
 
The decline in the reserve assets in January 2019 was mainly due to government external debt repayment. Going forward, Bank Indonesia considers the official reserve assets remain adequate supported by confidence in stability of and the upbeat outlook for the domestic economy as well as positive export performance.
 
Jakarta, 7 February 2019
Communication Department
 
Agusman
Executive Director
 
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