​No.26/264/DKom 

The position of official reserves assets in Indonesia remained high at the end of November 2024, totalling USD150,2 billion, sligthly retreated from USD151,2 billion recorded at the end of October 2024. Such development was influenced, amongst others, by government's external debt payments. The position of reserves assets is equivalent to 6.5 months of import or 6.3 months of import and servicing goverment's external debt, which is well above 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 are adequate to support external sector 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 December 2024

Communication Department

Ramdan Denny Prakoso

Executive Director