Official Reserve Assets Increased - Bank Sentral Republik Indonesia
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July 15, 2020

No. 22/9/DKom

Indonesia's official reserve assets stood at USD131.7 billion as of end-January 2020, increased from USD129.2 billion as of end-December 2019. The position of official reserve assets was equivalent to finance 7.8 months of imports or 7.5 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 increase of official reserve assets in January 2020 was primarily underpinned by government’s global bond issuance, oil & gas foreign exchange receipts, as well as 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, 7 February 2020
Communication Department

 

Onny Widjanarko
Executive Director

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