Indonesia Official Reserves at $122.9 Billion in May 2018
Jakarta | 8th June 2018
Indonesia’s official reserve assets stood at USD122.9 billion as of end-May 2018, still high enough although lower than the end of April 2018 level at USD124.9 billion.
“Indonesia’s Official Reserves at $124.9 Billion in April 2018”
The reserve asset position was equivalent to financing of 7.4 months of imports or 7.2 months of imports and servicing of government external debt, well above the international standard of reserve adequacy of 3 months of imports.
Bank Indonesia considers the position of official reserve assets is able to support the external sector resilience and maintain macroeconomic and financial system sustainability.
Official Press Release by Bank Indonesia
- Visit: Bank Indonesia
- About us: Bank Indonesia
Join the Rise of Asia. Share a Story, Article or Photo here. For Press Release, visit here.
About The Wealth Times The Wealth Times is the premier economic & financial media for Asia. Covering Asia’s most relevant developments in economy, business and finance. Asia is the world’s fastest growing economy with GDP exceeding $25 trillion and powered by 4.4 billion people. Where should you invest your capital for the next decade? Which are the fastest growing companies in Asia? Which is the most exciting sector to be in? Which are the top cities to be in? Which country has new economic policies? Who are the most influential leaders? Who are the top business leaders?
