Official Reserve Assets Increased - Bank Sentral Republik Indonesia
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November 13, 2018
No. 20/ 85 /DKom
 
Indonesia's official reserve assets at the end of October 2018 stood at USD115.2 billion, higher than USD114.8 billion recorded at the end of September 2018. The reserve asset position was equivalent to financing of 6.4 months of imports or 6.2 months of imports and servicing of government external debt, and well above the international standard of reserve adequacy of 3 months of imports. Bank Indonesia considers that the official reserve asset position is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.
 
The increase in official reserve assets in October 2018 was mainly influenced by oil and gas foreign exchange revenues and withdrawal of government external debt which were surpassed the foreign exchange needs for government external debt repayments and rupiah stabilization. Going forward, Bank Indonesia considers the official reserve assets remain adequate supported by confidence in stability and upbeat outlook of domestic economy as well as export performance that remains positive.
 
Jakarta, 7 November 2018
Communication Department
 
Agusman
Executive Director
 
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