No. 26/165/DKom
Indonesia's Official Reserve Assets position at the end of July 2024 was recorded at USD145.4 billion, up from USD140.2 billion at the end of June 2024. The increase was attributable to government's global sukuk issuance coupled with tax and service receipts. The position of reserve assets at the end of July 2024 was equivalent to 6.5 months of import or 6.3 months of import and servicing government's external debt, well above the international reserve adequacy standard of around three months of import. Bank Indonesia considers the current level of reserve assets adequate to support external sector resilience, while also buttressing macroeconomic and financial system stability.
Moving forward, Bank Indonesia is of the view that reserve assets remain adequate, thereby supporting external resilience. A positive export outlook, accompanied by a maintained capital and financial account surplus in line with positive investor perception concerning the promising national economic outlook and attractive investment returns will support to preserve external resilience. Bank Indonesia will also continue strengthening synergy with the Government towards bolstering external resilience, thereby safeguarding economic stability in pursuit of sustainable economic growth.
Jakarta 7th August 2024
Communication Department
Erwin Haryono
Assistant Governor
