Mei 2024 Foreign Exchange Reserves Increase To 139 Billion US Dollars

Illustration (Photo: Doc. ANTARA)

JAKARTA - Bank Indonesia (BI) recorded that Indonesia's foreign exchange reserves at the end of May 2024 were recorded at USD 139.0 billion, an increase compared to the position at the end of April 2024 of USD 136.2 billion.

BI Assistant Governor Erwin Haryono said that the increase in the position of foreign exchange reserves was influenced, among other things, by tax and service receipts and the issuance of global government bonds.

Erwin said that the position of foreign exchange reserves was equivalent to financing 6.3 months of imports or 6.1 months of imports and payment of government foreign debt, and was above the international adequacy standard of around 3 months of imports.

"Bank Indonesia assesses that foreign exchange reserves are able to support the resilience of the external sector and maintain macroeconomic and financial system stability," he explained in his statement, Friday, June 7.

Erwin said that in the future, Bank Indonesia views that foreign exchange reserves will remain adequate, supported by stability and maintained national economic prospects.

In addition, Erwin conveyed that along with the synergy of the policy mix taken by Bank Indonesia and the Government in maintaining macroeconomic and financial system stability to support sustainable economic growth.