JAKARTA - Bank Indonesia (BI) recorded the country's foreign exchange reserves, in November 2020, at US$ 133.6 billion, relatively stable compared to the achievement in October 2020 of US$ 133.7 billion. It was conveyed by Erwin Haryono, Executive Director, Head of the BI Communication Department, in a press release quoted on Monday (7/12).
He also mentioned that the amount of foreign exchange reserves was sufficient to finance imports for 9.9 months, or to finance imports for 9.5 months that included foreign debt. "The position of foreign exchange reserves is currently above the international standard for three months of import," he said.
Mr Haryono stated that the position of foreign reserves supported external resilience and economic stability. The achievement of foreign exchange, he said, was influenced by tax revenues and oil and gas foreign exchange, withdrawal of foreign loans, including foreign debt payments. (LK/VA)