Suara.com – Bank Indonesia (BI) recorded the position of Indonesia’s foreign exchange reserves at the end of December at USD 144.9 billion. This position is down compared to the position in November 2021 which amounted to USD 145.9 billion.
Head of the BI Communications Department, Erwin Haryono, said that the decline in the position of foreign exchange reserves in December 2021 was influenced, among other things, by the need for payment of the government’s foreign debt.
“The position of foreign exchange reserves is equivalent to financing 8.0 months of imports or 7.8 months of imports and payment of government foreign debt,” Erwin said in his statement, Friday (7/1/2022).
According to Erwin, despite the decline in the position of foreign exchange reserves at the end of December, it was still above the international adequacy standard of about 3 months of imports.
In this regard, BI considers the foreign exchange reserves to be able to support external sector resilience and maintain macroeconomic and financial system stability.
“Going forward, Bank Indonesia views that foreign exchange reserves will remain adequate, supported by stability and maintained economic prospects, along with various policy responses to encourage economic recovery,” concluded Erwin.
Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.
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