Official Reserve Assets Stable - Bank Sentral Republik Indonesia
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August 10, 2020

No.21/85/DKom

Indonesia's official reserve assets as of end-November 2019 stood at USD126.6 billion, relatively unchanged from USD126.7 billion as of end-October 2019. The position of official reserve assets was equivalent to finance 7.5 months of imports or 7.2 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 development of official reserve assets in November 2019 was mainly attributable by oil & gas foreign exchange receipts, other foreign exchange receipts, and government external debt payments. Moving forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid domestic economy prospect.

Jakarta, 6 December 2019
Communication Department

 

Junanto Herdiawan
Executive Director

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