JAKARTA - The issuance of government global bonds and tax revenues helped boosting the growth of Indonesia's foreign exchange reserves in January 2021, which was recorded at US$ 138 billion. This was conveyed by Erwin Haryono, Executive Director, Head of BI Communication Department, in a press release quoted on Friday (5/2).
He conveyed that Indonesia’s foreign exchange reserves was sufficient to pay off foreign debt and finance 10.5 months of imports or above the international adequacy standard for imports. "In December 2020, [Indonesia’s] foreign exchange reserves were recorded at only US$ 135.9 billion," mentioned Haryono.
According to him, economic resilience from external financial system stability and macroeconomic stability could still be maintained in line with the growth of foreign exchange reserves. This condition, stated Haryono, was also suited with government's efforts to promote economic recovery this year. (LK/VA)