No. 24/240/DKom
Indonesia's
official reserve assets position remained high at USD132.2 billion as
of end-August 2022, relatively stable compared with USD132.2 billion as
of end-July 2022. The development of official reserce assets in August
2022 was influenced, amongst others, by tax and services receipts, oil
and gas foreign exchange receipts, and the need for Rupiah stabilisation
in line with persistently elevated global financial market uncertainty.
The position of official reserve
assets was equivalent to finance 6,1 months of imports or 6,0 months of
imports and servicing government's external debt, and well above the
international adequacy standard of three months imports. Bank Indonesia
considers the official reserve assets position ample to support the
external resilience and maintain macroeconomic and financial system
stability.
Moving forward, Bank
Indonesia views that the official reserve assets remain adequate,
supported by the stability and solid domestic economic outlook, in line
with the policy responses to maintain macroeconomic and financial system
stability and to support the national economic recovery process.
Jakarta, 7th September 2022
Head of Communication Department
Erwin Haryono
Executive Director
