Bank Indonesia’s Foreign Exchange Reserves Rise slightly in August 2014
The central bank of Indonesia (Bank Indonesia) announced that the foreign exchange reserves of Indonesia climbed slightly in August 2014. At the end of that month, the assets stood at USD $111.2 billion, up from USD $110.5 billion at the end of the previous month, fueled by strong oil and gas export revenue. These reserve assets can now adequately cover 6.5 months of imports or 6.3 months of imports and servicing of government external debt repayment, well above the international standards of reserves adequacy at three months of imports.
Bank Indonesia stated that it "considers the burgeoning position of official reserve assets have a positive impact on efforts to strengthen the resilience of the external sector and maintain the sustainability of Indonesian economic growth."
Indonesia's Foreign Exchange Reserves 2008-2014:
| 2008 | 2009 |
2010 | 2011 | 2012 | 2013 | 2014² | |
| Foreign Exchange Reserves¹ |
51.6 | 66.1 | 96.2 | 110.1 | 112.8 | 99.4 | 111.2 |
¹ in billion US dollar
² at end August 2014
Source: Bank Indonesia
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