Official Reserve Assets Increased - Bank Sentral Republik Indonesia
Navigate Up
Sign In
December 12, 2019

No.21/22/DKom

Indonesia's official reserve assets at the end of March 2019 stood at USD124.5 billion, higher than USD123.3 billion at the end of February 2019. The reserve assets position was equivalent to financing of 7.0 months of imports or 6.8 months of imports and payment of government external debt, and well above the international standard of reserve adequacy of 3 months of imports. Bank Indonesia considers that the official reserve assets position is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.

The increase in foreign exchange reserves in March 2019 was influenced, among others by oil and gas foreign exchange receipts and other foreign exchange receipts. Going forward, Bank Indonesia considers the official reserve assets remain adequate supported by confidence in the stability and upbeat outlook of domestic economy as well as export performance that remains positive.

Jakarta, 8 April 2019
Communication Department


Onny Widjanarko
Executive Director

Tags:  

Survey

Is this article give you useful information?
Rate this article:
Comment:
Show Left Panel