Official Reserve Assets were Sufficiently High - Bank Sentral Republik Indonesia
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October 23, 2019

No.21/71/DKom

Indonesia's official reserve assets at the end of September 2019 stood at USD124.3 billion, remain sufficiently high despite lower than USD126.4 billion at the end of August 2019. The official reserve assets position was equivalent to finance 7.2 months of imports or 7.0 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 was able to support the external sector resilience and maintain macroeconomic and financial system stability.

The decline in official reserve assets in September 2019 was mainly influenced by the obligation of government external debt repayments and banks’ foreign currency placement reduction in Bank Indonesia. Going forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid outlook of the domestic economy.

Jakarta, 7 October 2019
Communication Department


Junanto Herdiawan
Director

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