Jakarta: Indonesia’s official reserve assets increased to USD131.7 billion at the end of June 2020 from USD130.5 billion at the end of May 2020.
The position of official reserve assets was equivalent to finance 8.4 months of imports or 8.1 months of imports and servicing government’s external debt.
"Well above the international adequacy standard of 3 months of imports," Bank Indonesia (BI) said in a media release on Tuesday.
According to the central bank, the official reserve assets position was able to support the external sector resilience and maintain macroeconomic and financial system stability.
In addition, the increase of official reserve assets in June 2020 was mainly underpinned by the government’s global Sukuk issuance.
Going forward, the central bank views that the official reserve assets remain adequate, supported by the stability and solid economic outlook, in line with the policy response to nurture economic recovery.