Indonesia’s official reserve assets position at the end of June 2019 recorded US$123.8 billion, increased from US$120.3 billion at the end of May 2019. The official reserve assets position was equivalent to finance 7.1 months of imports or 6.8 months of imports and servicing government’s external debt, and well above the international standard of reserve adequacy of 3 months of 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 improvement in official reserve assets in June 2019 was primarily influenced by oil & gas and other foreign exchange receipts, as well as the government’s external debt withdrawal. Going forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and upbeat outlook of the domestic economy.