According to Indonesia's central bank (Bank Indonesia), the current reserve asset position is equivalent to the financing of 7.9 months of imports or 7.7 months of imports and servicing of government external debt, well above the international standard of reserve adequacy of three months of imports. Hence, Bank Indonesia stated that it considers the current level of reserve assets safe. Moreover, it expects the nation's reserve assets to remain at an adequate level in the foreseeable future as the outlook for the domestic economy as well as export performance is upbeat.

Bank Indonesia Deputy Governor Mirza Adityaswara confirmed that the central bank has been active in the market in the February-March 2018 period to defend the rupiah amid pressures (mostly stemming from looming tightening US monetary policy and US protectionist measures as well as protectionist speech and possible retaliation measures conducted by other nations). However, considering the Federal Reserve raised its benchmark interest rate in March, Adityaswara believes it will not be necessary for Bank Indonesia to intervene in markets in April.

Foreign Exchange Reserves Indonesia:

   2009
 2010  2011  2012  2013  2014  2015  2016  2017
Foreign Exchange
Reserves¹
 66.1  96.2 110.1 112.8  99.4 111.9 105.9 111.5 130.2

¹ in billion USD dollar at the year-end
Source: Bank Indonesia

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