Indonesia's official reserve assetsstood at USD138.8billion as of end-February 2021, increased fromUSD138.0 billion as of end-January 2021. 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, and well above the international adequacy standard of three months imports. Bank Indonesia 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 assetsin February 2021 was primarily underpinnedby the government's foreign loan withdrawal andtax receipts. Moving forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid domestic economic outlook, in line with the policy responsesto stimulate economic recovery.
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Erwin Haryono
Executive Director
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Bank Indonesia published this content on 05 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2021 07:04:01 UTC.
