JAKARTA - Onny Widjanarko, Executive Director of the Communication Department of Bank Indonesia (BI) ensures that Indonesia's foreign exchange reserves are sufficient to support national economic recovery.
As of September 2020, Indonesia's foreign exchange reserves were recorded at US$135.2 billion, down from US$137 billion recorded in August 2020. However, the reserve is considered to be at a good level because it is able to finance imports for the next 9 months. "The position of foreign reserves is equivalent to 9.1 months of imports and government foreign debt payments," he said.
The current foreign exchange reserves, Widjanarko said, could support the resilience of the external sector and maintain macroeconomic and financial system stability. (LK/AR)