Indonesia's Forex Reserves Rise to $138.8 Billion in April 2021: BI

    Wahyu Dwi Anggoro - 07 May 2021 16:08 WIB
    Indonesia's Forex Reserves Rise to $138.8 Billion in April 2021: BI
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    Jakarta: Indonesia's official reserve assets stood at USD138.8 billion as of end-April 2021, increased from USD137.1 billion as of end-March 2021. 

    The position of official reserve assets was equivalent to finance 10.0 months of imports or 9.6 months of imports and servicing government's external debt.


    "Well above the international adequacy standard of three months imports," said Bank Indonesia (BI) Communication Department Head Willy Haryono in a press release on Friday. 

    According to the BI official, the central bank considers that the official reserve assets position was able to support the external sector resilience and maintain macroeconomic and financial system stability.

    The increase of official reserve assets in April 2021 was primarily underpinned by the tax and services receipts and government's foreign loan withdrawal. 

    Moving forward, BI views that the official reserve assets remain adequate, supported by the stability and solid domestic economic outlook, in line with the policy responses to stimulate economic recovery. 


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