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
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.

News Comment

Today's Industry

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…