JAKARTA, March 7 (Xinhua) -- Indonesia's foreign exchange reserves remained high at 154.5 billion U.S. dollars at the end of February 2025, slightly lower than the 156.1 billion dollars recorded in January, according to Bank Indonesia's data on Friday.
"Such development was influenced, among others, by the government's external debt payments and rupiah stabilization policy as Bank Indonesia's response to ongoing global financial market uncertainty," said Ramdan Denny Prakoso, executive director of Bank Indonesia's Communication Department.
Despite the slight decrease, the reserves are still sufficient to cover 6.6 months of imports or 6.4 months of imports and government foreign debt payments, which exceeds the international adequacy standard of three months of imports.
Bank Indonesia is of the view that reserve assets will remain adequate to support external sector resilience, owing to strong export prospects and a capital and financial account surplus, as investor confidence in the national economy grows.
As a strategic measure, Bank Indonesia will continue strengthening synergy with the government to bolster external resilience and safeguard economic stability, thereby promoting sustainable economic growth. Enditem
Go to Forum >>0 Comment(s)