The Indonesian central bank (Bank Indonesia/BI) reported on Friday last week (Aug 11) that Indonesia’s balance of payments recorded a US$0.7 billion surplus in the second quarter (Q2) of 2017 on the back of capital and financial surplus that outweighed the current account deficit. The balance of payments surplus led to an increase in official reserve assets from US$121.8 billion at the end of Q1 to US$123.1 billion at the end of Q2. 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 reserves adequacy.To subscribe please click here
