Jakarta: Indonesia’s official reserve assets stood at USD137.3 billion as of end-July 2021, increased from USD137.1 billion as of end-June 2021, according to Bank Indonesia (BI)
The position of official reserve assets was equivalent to finance 8.9 months of imports or 8.6 months of imports and servicing government’s external debt.
"Well above the international adequacy standard of three months imports," said BI Communication Department Head Erwin Haryono in a press release on Friday.
"Bank Indonesia considers that the official reserve assets position was able to support the external sector resilience and maintain macroeconomic and financial system stability," he added.
The increase of official reserve assets in July 2021 was influenced, amongst others, by the Government’s global bond issuance as well as tax and services receipts.
"Moving forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid domestic economic outlook, in line with the policy responses to stimulate economic recovery," he concluded.
Cek Berita dan Artikel yang lain di Google News
FOLLOW US
Ikuti media sosial medcom.id dan dapatkan berbagai keuntungan
