No.25/152/DKom
The position of reserve assets in Indonesia remained high at the end of May 2023, totalling USD139.3 billion, despite retreating from USD144.2 billion at the end of April 2023. The decrease stemmed, amongst others, from the obligation of government external debt repayments and in anticipation of demand for foreign currency liquidity in the banking industry as economic activity continues to accelerate. The position of reserve assets is equivalent to 6.1 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 views 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 will continue strengthening external sector resilience in line with the policy mix responses to maintain macroeconomic and financial system stability, while supporting sustainable economic growth.
Jakarta, 9th June 2023
Communication Department
Erwin Haryono
Executive Director
Information on Bank Indonesia
Tel. 021-131, email: bicara@bi.go.id
