Indonesia’s Official Reserve at US$123.09 Billion in June 2017

Jakarta | 7th July 2017

Indonesia’s official reserve assets position stood at US$123.09 billion as of end-June 2017, lower than the end of May 2017 level registered at US$124.95 billion.  The decline in the reserve assets in June 2017 was mainly to meet banks’ foreign currency needs in anticipation of Lebaran’s long holiday. Bank Indonesia considers the decline in reserve assets in June 2017 was temporary due to bank’s precautionary measure.

” Indonesia’s Official Reserve at US$123.09 Billion “

The reserve assets position at the end of June 2017 was still strong to finance 8.9 months of imports or 8.5 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 position of official reserve assets is still able to strengthen the resilience of the external sector and maintain the sustainability of Indonesian economic growth.  The decline in the reserve assets in June 2017 was mainly to meet banks’ foreign currency needs in anticipation of Lebaran’s long holiday.

Official Press Release by Bank Indonesia



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