​No. 26/97/DKom  

The position of reserve assets in Indonesia remained high at the end of April 2024, totalling USD136,2 billion, despite retreating from USD140,4 billion at the end of March 2024. The decline was influenced by several factors, including the government's external debt payments and the need for Rupiah stabilisation in line with increasing global financial market uncertainty. The position of reserve assets is equivalent to 6.1 months of imports or 6.0 months of imports and servicing government's external debt, which is well above the international adequacy standard of around three months of imports. Bank Indonesia considers that the current level of reserve assets is able to support external sector resilience while also maintaining macroeconomic and financial system stability.

Moving forward, Bank Indonesia views that reserve assets will remain ample, supported by stability and a maintained national economic outlook, in line with the synergy of policy mix responses between Bank Indonesia and the Government to preserve macroeconomic and financial system stability to bolster sustainable economic growth.

Jakarta 8th May 2024

Communication Department

Fadjar Majardi

Director