Official Reserve Assets Increased - Bank Sentral Republik Indonesia
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August 04, 2020

No.21/78/DKom

Indonesia's official reserve assets increased to USD126.7 billion at the end of October 2019 from USD124.3 billion at the end of September 2019. The position of official reserve assets was equivalent to finance 7.4 months of imports or 7.1 months of imports and servicing government’s external debt, and well above the international adequacy standard of three months 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 increase in official reserve assets in October 2019 was mainly underpinned by the government’s global bond issuance, oil & gas foreign exchange receipts, as well as other foreign exchange receipts. Moving forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid domestic economy prospect.

Jakarta, 7 November 2019
Communication Department

 

Onny Widjanarko
Executive Director

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