Jakarta: Indonesia’s official reserve assets stood at USD138.0 billion as of end-January 2021, increased from USD135.9 billion as of end-December 2020.
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.
BI 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 January 2021 was mainly influenced by government’s global bonds issuance and tax receipts.
Moving forward, the central bank 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.
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