Official Reserve Assets Amounted to USD124.9 Billion in April 2018 - Bank Sentral Republik Indonesia
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December 01, 2020

No.20/41/DKom  

Indonesia’s official reserve assets stood at USD124.9 billion as of end-April 2018, still high enough although lower than the end of March 2018 level at USD126.0 billion. The reserve asset position was equivalent to financing of 7.7 months of imports or 7.4 months of imports and servicing of government external debt, well above the international standard of reserve adequacy of 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 April 2018 was mainly due to the use of foreign exchange to repay government external debt and to stabilize rupiah in the midst of remained high uncertainty in global financial market. Going forward, Bank Indonesia considers the official reserve assets remain adequate in line with preserved confidence in the upbeat outlook for the domestic economy and positive export performance.


Jakarta, 8 May 2018
Communication Department


Agusman
Executive Director

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