JAKARTA - Indonesia's foreign exchange reserves in December 2020 increased by US$ 2.3 billion to US$ 135.9 billion due to the withdrawal of government foreign loans and tax revenues.
Bank Indonesia (BI), in its press release on Friday (8/1/2021), reported that US$ 135.9 billion foreign exchange reserves in December 2020 was an increase compared to November 2020 of US$ 133.6 billion. However, they still have not reached the highest record of US$ 137 billion in August 2020.
The foreign exchange reserves condition was equivalent to financing 10.2 months of imports or 9.8 months of imports and government foreign debt payment, and was also above the international adequacy standard by around 3 months of imports. Hence, they were considered by BI to be capable of supporting external sector resiliency and maintaining stability of macroeconomic and financial system. (AM/VA)