No. 25​/214/DKom ​

The position of reserve assets in Indonesia stood at USD137.7 billion at the end of July 2023, increased from USD137.5 billion at the end of June 2023.  The gain of official reserves assets was underpinned, amongst others, by tax and service receipts. The position of reserve assets is equivalent to  6.2 months of imports or 6.0 months of imports and servicing government's external debt, which is well above the international adequacy standard of around three months of imports. Bank Indonesia considers the current level of reserve assets are able to support external sector resilience as well as maintain macroeconomic and financial system stability.

Moving forward, Bank Indonesia views that reserves asset will remain ample, supported by stability and maintained economic outlook, in line with the policy mix responses to preserve macroeconomic and financial system stability to bolster sustainable economic growth.

Jakarta, 7th August 2023

Communication Department

Erwin Haryono

Executive Director