Official Reserve Assets Continue to Increase - Bank Sentral Republik Indonesia
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March 25, 2019

No. 21/2/DKom
Indonesia's official reserve assets at the end of December 2018 continued to increase to USD120.7 billion, higher than USD117.2 billion at the end of November 2018. The reserve asset position was equivalent to financing of 6.7 months of imports or 6.5 months of imports and payment of government external debt, and well above the international standard of reserve adequacy of 3 months of imports. Bank Indonesia considers that the official reserve asset position is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.

The increase in foreign exchange reserves in December 2018 was mainly influenced by oil and gas foreign exchange receipts, global bond issuance and withdrawal of government foreign loans. Going forward, Bank Indonesia considers the official reserve assets remain adequate supported by confidence in the stability and upbeat outlook of domestic economy as well as export performance that remains positive.

Jakarta, 8th January 2019
Communication Department

Agusman
Executive Director

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