Official Reserve Assets Amounted to USD128.06 Billion in February 2018 - Bank Sentral Republik Indonesia
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August 20, 2018

No. 20/19/DKom

Indonesia’s official reserve assets stood at USD128.06 billion as of end-February 2018, remain ample despite lower than the end of January 2018 level at USD131.98 billion. The reserve assets were sufficient to finance 8.1 months of imports or 7.9 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 position of official reserve assets is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.

The decline in the reserve assets in February 2018 was mainly due to the use of foreign exchange to repay government external debt and stabilize rupiah. In addition, the decline was also attributable to lower banks’ foreign currency term deposits to Bank Indonesia in line with the residents’ necessity to repay their foreign currency liabilities. Going forward, Bank Indonesia considers the official reserve assets remain adequate to support external resilience in keeping with robust domestic economic outlook and positive export performance. Moreover, there will be additional foreign exchange receipts from the government's global sukuk issuance of USD3.00 billion in March 2018. Bank Indonesia will continue to maintain reserve adequacy to support preserved macroeconomic and financial system stability.

Jakarta, 7 March 2018
Communication Department

Agusman
Executive Director

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