No. 26/193/DKom
Indonesia's Official Reserve Assets position at the end of August 2024 was recorded at USD150.2 billion, up from USD145.4 billion at the end of July 2024. The increase was attributable among others, to tax and service receipts, oil and gas export receipts, as well as government's foreign loan withdrawal. The position of reserve assets at the end of August 2024 was equivalent to 6.7 months of import or 6.5 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 as 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 6th September 2024
Communication Department
Erwin Haryono
Assistant Governor
