Official Reserve Assets were Sufficiently High - Bank Sentral Republik Indonesia
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October 20, 2019

No.21/45/DKom 

Indonesia's official reserve assets at the end of May 2019 amounted to USD120.3 billion, remain sufficiently high despite lower than USD124.3 billion at the end of April 2019. The official reserve assets position was equivalent to finance 6.9 months of imports or 6.7 months of imports and servicing government’s external debt, and well above the international standard of reserve adequacy of 3 months of imports. Bank Indonesia considers that the official reserve assets position can support the external sector resilience and maintain macroeconomic and financial system sustainability.

The decline in the reserve assets in May 2019 was mainly influenced by the obligation of government external debt repayments and banks’ foreign currency placement reduction in Bank Indonesia as to anticipate foreign currency liquidity needs regarding the cycle of dividend payments for several foreign companies and ahead of the Eid al-Fitr long holiday. Going forward, Bank Indonesia considers the official reserve assets remain adequate supported by the stability and upbeat outlook of the domestic economy.

Jakarta, June 13th 2019
Communication Department


Onny Widjanarko
Executive Director

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