OFFICIAL RESERVE ASSETS MARCH 2023 INCREASED
Indonesia's official reserve assets position stood at USD145.2 billion as of end-March 2023, increased from USD140.3 billion as of end-February 2023. The gain of official reserves assets in March 2023 was underpinned, amongst others, by tax receipts as well as government's foreign loan withdrawal.
The position of official reserve assets was equivalent to finance 6.4 months of imports or 6.2 months of imports and servicing Government's external debt, and well above the international adequacy standard of three months imports. Bank Indonesia considers the official reserve assets position ample to support external resilience and maintain macroeconomic and financial system stability.
Moving forward, Bank Indonesia views that the official reserve assets remain adequate, supported by the stability and solid domestic economic outlook, in line with the policy responses to maintain macroeconomic and financial system stability and to support the national economic recovery process.
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