Global Bond RI Laris Manis, Foreign Foreign Exchange Reserve So 136.4 Billion US Dollars

Illustration (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) reported that there was an increase in foreign exchange reserves by 800 million US dollars in a month to 136.4 billion US dollars at the end of June 2022.

Previously, the monetary authority noted that the position of foreign exchange reserves in May 2022 was 135.6 billion US dollars.

Head of the BI Communications Department Erwin Haryono said that the increase was influenced by the issuance of government debt securities aimed at foreign markets or global bonds.

"The increase was also contributed by tax and service revenues," he said in a press statement on Thursday, July 7.

According to Erwin, Indonesia's foreign exchange reserve position is equivalent to financing 6.6 months of imports or 6.4 months of imports and payment of government foreign debt.

"This is above the international adequacy standard of about 3 months of imports," he said.

BI itself assesses that existing foreign exchange reserves are able to support external sector resilience and maintain macroeconomic and financial system stability.

"Going forward, Bank Indonesia views foreign exchange reserves as adequate, supported by stability and maintained economic prospects, along with various policy responses to promote economic recovery," concluded Erwin.