"This figure is influenced by tax revenues and services, oil and gas foreign exchange earnings, amid the need for stabilization of the rupiah exchange rate in line with the high uncertainty of global financial markets," said head of the Communication Department of Bank Indonesia Erwin Haryono.
This amount is equivalent to financing 6.1 months of imports, or 6.0 months of imports and servicing of government external debt, and exceeds international adequacy standards.
Bank Indonesia sees the foreign exchange reserves as capable of supporting external sector resilience as well as maintaining macroeconomic and financial system stability.
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