The Central Bank (Bank Indonesia/BI) said on Tuesday (Mar 7) that the higher official reserves assets position by end of February (US$119.9 billion) were able to strengthen the resilience of the external sector and maintain the sustainability of Indonesian economic growth. BI said that the reserve asset position at the end of February 2017 could adequately cover 8.9 months of imports or 8.5 months of imports, and service government external debt repayments, well above the international standards of reserves adequacy at 3 months of imports.To subscribe please click here
