Official Reserve Assets Are High Enough in June 2018 - Bank Sentral Republik Indonesia
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August 05, 2020

No. 20/53/DKom

Indonesia’s official reserve assets at the end of June 2018 were quite high at USD119.8 billion, although lower than the end of May 2018 of USD122.9 billion. The reserve asset position was equivalent to financing of 7.2 months of imports or 6.9 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 June 2018 was mainly due to government external debt repayment and rupiah stabilization in the midst of remained high uncertainty of global financial market. Going forward, Bank Indonesia considers the official reserve assets remain adequate supported by confidence in stability and the upbeat outlook for the domestic economy as well as positive export performance.

Jakarta, 6 July 2018
Communication Department

Agusman
Executive Director

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