JAKARTA, Jun 10 (NNN-ANTARA) – Indonesia recorded foreign exchange reserves of 152.5 billion U.S. dollars, at the end of May this year, the country’s central bank announced, today.
Ramdan Denny Prakoso, executive director of Bank Indonesia’s Communications Department, said, the figure was “stable compared to the previous month.” It was the same as April’s reserves, which were also 152.5 billion dollars.
“The stable level of reserves was supported by tax revenues, services income, and foreign exchange earnings, from oil and gas, despite the need for government external debt payments and exchange rate stabilisation measures, amid ongoing global financial market uncertainty,” Ramdan added.
The figure is equivalent to financing 6.4 months of imports or 6.2 months of imports and government external debt payments, well above the international adequacy standard.
Bank Indonesia considers the reserves sufficient to maintain external resilience and economic stability, and remains optimistic they will stay strong, supported by exports, capital inflows, and investor confidence.– NNN-ANTARA
