Official Reserve Assets Increased - Bank Sentral Republik Indonesia
Navigate Up
Sign In
September 29, 2020

No. 22/2/DKom

Indonesia's official reserve assets stood at USD129.2 billion as of end-December 2019, increased from USD126.6 billion as of end-November 2019. The position of official reserve assets was equivalent to finance 7.6 months of imports or 7.3 months of imports and servicing government’s external debt, which is well above the international adequacy standard of three months 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 development of official reserve assets in December 2019 was mainly attributable by oil & gas foreign exchange receipts, withdrawal of government foreign loan, and other foreign exchange receipts. Moving forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid domestic economy prospect.

Jakarta, 8 January 2020
Communication Department

 

Onny Widjanarko
Executive Director

Tags:  

Survey

Is this article give you useful information?
Rate this article:
Comment:
Show Left Panel