Jakarta: Indonesia’s official reserve assets stood at USD138.8 billion as of end-February 2021, increased from USD138.0 billion as of end-January 2021.
The position of official reserve assets was equivalent to finance 10.5 months of imports or 10.0 months of imports and servicing government’s external debt.
"Well above the international adequacy standard of three months imports," said Bank Indonesia (BI) Communication Department Head Erwin Haryono in a press release on Friday.
The central bank considers that the official reserve assets position was able to support the external sector resilience and maintain macroeconomic and financial system stability.
The increase of official reserve assets in February 2021 was primarily underpinned by the government’s foreign loan withdrawal and tax receipts.
Moving forward, BI 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.
Cek Berita dan Artikel yang lain di Google News
FOLLOW US
Ikuti media sosial medcom.id dan dapatkan berbagai keuntungan
