Official Reserve Assets Increased to US$124.95 Billion at the end of May 2017 - Bank Sentral Republik Indonesia
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August 11, 2020

No. 19/ 44 /DKom

Indonesia’s official reserve assets position stood at US$124.95 billion as of end-May 2017, higher than the end of April 2017 level registered at US$123.25 billion. The increase was primarily attributable to foreign exchange receipts, among other from tax revenues and government oil & gas export proceeds, as well as auction of Bank Indonesia foreign exchange bills. The receipts surpassed the uses of foreign exchange for repayments of government external debt and Bank Indonesia foreign exchange bills matured during the period.

The reserve asset position at the end-May 2017 adequately covered 8.9 months of imports or 8.6 months of imports and servicing of government external debt repayments, well above the international standards of reserves adequacy at 3 months of imports. Bank Indonesia considers the official reserve assets are able to strengthen the resilience of the external sector and maintain the sustainability of Indonesian economic growth.

Jakarta, 8 June 2017
Communication Department
 
Tirta Segara
Executive Director

 

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