Foreign Exchange Reserves August 2017 amounted to 128.8 Billion Dollars
By : Herry Barus And Aldo Bella Putra | Saturday, September 09 2017 - 16:00 IWST

Bank Indonesia
INDUSTRY.co.id - Jakarta- Indonesia's foreign exchange reserve position in August 2017 was recorded at 128.8 billion US dollars, higher than the end of July 2017 position of 127.8 billion US dollars.
"The increase is mainly influenced by foreign exchange earnings derived from tax revenues and foreign exchange earnings from oil and gas exports of government, as well as the results of securities auctions of Bank Indonesia (SBBI) foreign exchange," said Executive Director of the Department of Communication BI Agusman in an official statement received by Editor in Jakarta, Friday (8/9/2017)
The foreign exchange revenue exceeds the foreign exchange requirement, especially for foreign debt repayment of government and SBBI forex.
The position of foreign reserves at the end of August 2017 is sufficient to finance 8.9 months of imports or 8.6 months of imports and servicing of official foreign debt, and is above the international standard of approximately three months of imports.
Bank Indonesia believes that the foreign exchange reserves can support the resilience of the external sector and maintain the sustainability of Indonesia's economic growth in the future.
Previously, in July 2017 the position of Indonesia's foreign exchange reserves increased higher than the previous month, ie from 123.08 billion US dollars to 127.76 billion US dollars.
In July, the increase was influenced by foreign exchange earnings, among others derived from the issuance of global government bonds, tax revenues and foreign exchange of government oil and gas exports, as well as the results of securities auctions of Bank Indonesia (SBBI) forex.
Read Also
Increase in New Loan Disbursement Drives Growth in KB Bukopin's Interest…
PermataBank Holds Annual General Meeting of Shareholders 2023 and…
The Importance Of Cashflow Considerations In The Supply Chain
Fully Supported by KB Financial Group- South Korea, Bank Bukopin…
Index Launch: Remittances Play a Powerful Role in Consumers’ Financial…
Today's Industry

Selasa, 26 September 2023 - 07:45 WIB
ESSA Secures Gas Contract Extension for LPG Refinery
PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…

Selasa, 26 September 2023 - 06:45 WIB
ALDO Strengthens PT Eco Paper’s Business of Recycled Brown Paper Production
PT Alkindo Naratama Tbk (ALDO), a listed company engaged in the integrated paper and chemical business, plans to inject additional working capital of around IDR 40 billion into its subsidiary…

Sabtu, 23 September 2023 - 11:33 WIB
Growing Above Industrial Average, CLEO Strives for Innovation
Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

Kamis, 14 September 2023 - 15:15 WIB
INOV Poised to Absorb PET Recycling Market Potential
The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Senin, 11 September 2023 - 09:07 WIB
Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit
President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…
News Comment