Indonesia’s Official Reserve Increased to $124.95 Billion in May 2017
Jakarta | 8th June 2017
Indonesia’s official reserve assets position stood at $124.95 billion as of end-May 2017, higher than the end of April 2017 level registered at $123.25 billion. The increase was primarily attributable to foreign exchange receipts, among other from tax revenues and government oil & gas export proceeds, as well as auction of Bank Indonesia foreign exchange bills.
” Indonesia’s official reserve at $124.95 Billion “
The reserve asset position at the end-May 2017 adequately covered 8.9 months of imports or 8.6 months of imports and servicing of government external debt repayments, well above the international standards of reserves adequacy at 3 months of imports.
Bank Indonesia considers the official reserve assets are able to strengthen the resilience of the external sector and maintain the sustainability of Indonesian economic growth.
Official Press Release by Bank Indonesia