Bank Indonesia : Official Reserve Assets Amounted to USD130.20 Billion as at end-December 2017

No. 20/ 2 /DKom

Indonesia's official reserve assets position stood at USD130.20 billion as at end-December 2017, higher than the end of November 2017 level at USD125.97 billion. The increase was primarily attributable to foreign exchange receipts, among other from government's issuance of global bonds as well as tax revenues and government oil & gas export proceeds. The receipts surpassed the uses of foreign exchange primarily for repayments of government external debt and Bank Indonesia foreign exchange bills matured during the period.

The reserve assets position at the end-December 2017 adequately covered 8.6 months of imports or 8.3 months of imports and servicing of government external debt repayments, well above the international standard of reserve adequacy of 3 months of imports. Bank Indonesia will continue to maintain reserve adequacy to support preserved macroeconomic and financial system stability. It is supported by a remained positive domestic economic conditions, improved export performance, and conducive global financial market development.

Jakarta, 8 January 2018
Communication Department

Agusman
Executive Director