Indonesia’s forex reserve dips to US$135.6B

Bank Indonesia. (IO/Almatin Abbas)

Jakarta, IO – Bank Indonesia (BI) announced that Indonesia’s foreign exchange reserve in May stood at US$135.6 billion, slightly down from US$135.7 billion in April.

BI spokesperson Erwin Haryono said the decline was driven by oil and gas foreign exchange, taxes and services receipts, as well as the government’s external debt payment.

“The position of foreign exchange reserves is sufficient to cover 6.8 months of imports or 6.6 months of imports and servicing the government’s foreign debt, and is above the international adequacy standard of 3 months of imports,” Erwin said in a press release, Wednesday (8/6).