Official Reserve Assets Are High Enough in August 2018 - Bank Sentral Republik Indonesia
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September 26, 2018

No. 20/71/DKom

Indonesia’s official reserve assets at the end of August 2018 were quite high at USD117.9 billion, slightly lower than the end of July 2018 which stood at USD118.3 billion. The reserve asset position was equivalent to financing of 6.8 months of imports or 6.6 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 official reserve assets position is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.

The decline in the reserve assets in August 2018 was mainly due to government external debt repayment and rupiah stabilization in the middle of increasing global financial market uncertainty. 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, 7 September 2018
Communication Department


Agusman
Executive Director

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