Indonesia's foreign exchange reserves decreased by US$200 million in April 2019.
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Bank Indonesia (BI) released data showing Indonesia's foreign exchange reserves at the end of April 2019 totaled US$124.3 billion, or approximately Rp1,777.5 trillion (using an exchange rate of US$1 = Rp14,300). This figure is a decrease of US$200 million, or approximately Rp2.86 trillion, compared to the March 2019 position of US$124.5 billion or Rp1,780.3 trillion.
BI's Executive Director for Communication, Onny Widjanarko, stated that the April 2019 foreign exchange reserve position was influenced by oil and gas export revenue, other foreign exchange receipts, and government foreign debt payments. Despite the decrease, BI considers the foreign exchange reserve position relatively stable.
The foreign exchange reserves are equivalent to 7 months of import cover or 6.8 months of import cover and government foreign debt payments. Furthermore, the reserves are above the international adequacy standard of 3 months of import cover. BI assesses that these reserves are sufficient to support external sector resilience and maintain macroeconomic and financial system stability.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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