Jakarta: Indonesia’s official reserve assets position at the end of August 2019 stood at USD126.4 billion, up from USD125.9 billion at the end of July 2019.
The official reserve assets position was equivalent to finance 7.4 months of imports or 7.1 months of imports and servicing government’s external debt, which is well above the international standard of reserve adequacy of 3 months of 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 central bank said in a written statement released on Friday, September 6, 2019.
The increase in official reserve assets in August 2019 was mainly influenced by oil & gas foreign exchange receipts as well as other foreign exchange receipts.
"Going forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and upbeat outlook of the domestic economy," the central bank stated.