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Indonesia's reserve assets stood at US$ 123.3 billion

Jumat, 08 Maret 2019 / 10:50 WIB

Indonesia's reserve assets stood at US$ 123.3 billion
ILUSTRASI. Uang dollar AS

KONTAN.CO.ID - JAKARTA. Indonesia's official reserve assets at the end of February 2019 stood at US$ 123.3 billion, higher than US$ 120.1 billion at the end of January 2019. 

The reserve assets position was equivalent to financing of 6.9 months of imports or 6.7 months of imports and payment of government 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 is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.

The increase in foreign exchange reserves in February 2019 was mainly influenced by government’s global sukuk issuance, oil and gas foreign exchange receipts, and other foreign exchange receipts.

"Going forward, Bank Indonesia considers the official reserve assets remain adequate supported by confidence in the stability and upbeat outlook of domestic economy as well as export performance that remains positive," Bank Indonesia said in official statement. 

Reporter: Wahyu Tri Rahmawati
Editor: Wahyu Rahmawati
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