Official Reserve Assets Improved - Bank Sentral Republik Indonesia
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August 21, 2019

No.21/57/DKom​​

Indonesia’s official reserve assets position at the end of July 2019 was recorded at USD125.9 billion, up from USD123.8 billion at the end of June 2019. The official reserve assets position was equivalent to finance 7.3 months of imports or 7.0 months of imports and servicing government’s external debt, which is well above the international standard of reserve adequacy of 3 months of imports. Bank Indonesia considers that the official reserve assets position was able to support the external sector resilience and maintain macroeconomic and financial system stability.

The gain in official reserve assets in July 2019 was mainly influenced by oil & gas and other foreign exchange receipts, as well as the withdrawals of government’s external debt. Moving forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and upbeat outlook of the domestic economy.

Jakarta, August 7th 2019
Communication Department

 


Onny Widjanarko
Executive Director

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