Indonesia’s official reserve asset stood at USD137.1 billion as of end-March 2021, remained high despite lower than USD138.8 billion as of end-February 2021. The position of official reserve assets was equivalent to finance 10.1 months of imports or 9.7 months of imports and servicing government’s external debt,  and well above the international adequacy standard of three months imports. Bank Indonesia considers that the official reserve assets position was able to support the external sector resilience and maintain macroeconomic and financial system stability.

The decline in official reserve assets in March 2021 was primarily influenced by the government’s external debt payments in accordance with the payment maturity pattern. 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 nurture economic recovery.

Head of Communication Department

Erwin Haryono

Executive Director

Information about Bank Indonesia