The central bank (Bank Indonesia/BI) on Monday (August 7) that Indonesia’s official reserve asset position stood at US$127.76 billion as of end-July 2017, higher than the end of June 2017 level registered at US$123.09 billion, primarily attributable to foreign exchange receipts, among other from government’s issuance of global bonds, tax revenues and government oil & gas export proceeds, as well as auction of BI’s foreign exchange bills. The reserve asset position at the end-July 2017 adequately covered 9,0 months of imports or 8.7 months of imports and servicing of government external debt repayments, well above the international standards of reserves adequacy at 3 months of imports.
