Indonesia’s official reserve assets stood at USD130.4 billion as of end-February 2020, remained high despite lower than USD131.7 billion as of end-January 2020. The position of official reserve assets was equivalent to finance 7.7 months of imports or 7.4 months of imports and servicing government’s external debt, which is well above the international adequacy standard of three months 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 decline of official reserve assets in February 2020 was influenced by the government’s external debt payments, amongst others. Moving forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid domestic economic outlook.
