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4/5/2024 12:00 AM
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Official Reserves Asset March 2024 Remained High

Government Press Release

No. 26/68/DKom 

The position of reserve assets in Indonesia remained high at the end of March 2024, totalling USD140,4 billion, despite retreating from USD144,0 billion at the end of February 2024. The decline was influenced by several factors, including the government's external debt payments, anticipation of corporate liquidity needs, and the need for Rupiah stabilisation in line with persistently high global financial market uncertainty. The position of reserve assets is equivalent to 6.4 months of imports or 6.2 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 that the current level of reserve assets is able to support external sector resilience as well as maintain macroeconomic and financial system stability.

Moving forward, Bank Indonesia views that reserve assets will remain ample, supported by stability and a maintained national economic outlook, in line with the synergy of policy mix responses between Bank Indonesia and the Government to preserve macroeconomic and financial system stability to bolster sustainable economic growth.


Jakarta 5th April 2024

Communication Department

Erwin Haryono

Governor Assistant


Lampiran
Kontak


Contact Center BICARA : (62 21) 131

E-mail : bicara@bi.go.id

Working hours: Monday to Friday, 08.00-16.00 West Indonesia Time

Halaman ini terakhir diperbarui 4/22/2024 9:35 AM
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