Official Reserve Assets Continued to Increase to US$129.4 Billion - Bank Sentral Republik Indonesia
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February 20, 2020

No. 19/75/DKom

Indonesia’s official reserve asset position stood at US$129.4 billion as of end-September 2017, higher than the end of August 2017 level registered at US$128.8 billion. The increase was primarily attributable to foreign exchange receipts, among other from tax revenues and government oil & gas export proceeds, withdrawal of government foreign loans as well as auction of Bank Indonesia foreign exchange bills. The receipts surpassed the uses of foreign exchange primarily for repayments of government external debt and Bank Indonesia foreign exchange bills matured during the period.

The reserve asset position at the end-September 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 reserve 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, 6 October 2017
Communication Department

Agusman
Executive Director

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