Indonesia Balance of Payment at $5.4 Billion in Q3 2017
Jakarta | 10th November 2017
Indonesia’s Balance of Payments (BOP) in Q3/2017 recorded an increased surplus supported by narrowing current account deficit and mounting capital and financial account surplus. The BOP surplus in Q3/2017 stood at $5.4 billion, up significantly from $0.7 billion surplus in the previous quarter.
” INDONESIA’ BOP AT $5.4 BILLION “
The surplus led to an increase in official reserve assets from $123.1 billion at the end of Q2/2017 to $129.4 billion at the end of Q3/2017. The amount of reserve assets was adequate to finance 8.6 months of imports and government external debt repayment and well above the international standards of reserve adequacy.
Bank Indonesia will continue to wary of global developments, in particular risks related to the monetary and fiscal policies in the US and geopolitical pressures in some regions, which may effect the overall balance of payments performance. Bank Indonesia believes that the balance of payments performance will be better supported by the monetary and macroprudential policy mix, as well as strengthening policy coordination with the Government, especially in encouraging the continuation of structural reforms.
Official Press Release by Bank Indonesia