Indonesia’s Official Reserve Increased to $124.95 Billion in May 2017
Jakarta | 8th June 2017
Indonesia’s official reserve assets position stood at $124.95 billion as of end-May 2017, higher than the end of April 2017 level registered at $123.25 billion. The increase was primarily attributable to foreign exchange receipts, among other from tax revenues and government oil & gas export proceeds, as well as auction of Bank Indonesia foreign exchange bills.
” Indonesia’s official reserve at $124.95 Billion “
The reserve asset position at the end-May 2017 adequately covered 8.9 months of imports or 8.6 months of imports and servicing of government external debt repayments, well above the international standards of reserves adequacy at 3 months of imports.
Bank Indonesia considers the official reserve assets are able to strengthen the resilience of the external sector and maintain the sustainability of Indonesian economic growth.
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?
