Indonesia’s official reserve assets at the end of September 2019 stood at US$124.3 billion, remain sufficiently high despite lower than US$126.4 billion at the end of August 2019. The official reserve assets position was equivalent to finance 7.2 months of imports or 7.0 months of imports and servicing government’s external debt, and well above the international standard of reserve adequacy of 3 months of imports.

The decline in official reserve assets in September 2019 was mainly influenced by the obligation of government external debt repayments and banks’ foreign currency placement reduction in Bank Indonesia. Going forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid outlook of the domestic economy.