Inp.polri.go.id - Jakarta. Indonesia’s foreign exchange reserves reached $151.2 billion at the end of October 2024, rising from $149.9 billion in September, according to Bank Indonesia (BI).

Bank Indonesia’s Executive Director of Communications, Ramdan Denny Prakoso, said on Thursday (7/11/2024) that the increase was driven by tax revenues, services income, and government foreign loans.

The reserves now cover 6.6 months of imports or 6.4 months of imports and government debt payments, well above the international adequacy standard of around three months of imports. The Central Bank considered this level as a vital support for external resilience, macroeconomic stability, and financial system strength.

Bank Indonesia expected reserves to remain robust, supported by a positive export outlook and projected surpluses in the financial and capital accounts, reflecting strong investor confidence in Indonesia's economic prospects and attractive returns. 

It is also reinforcing its partnership with the government to bolster external resilience and support sustainable economic growth.

(mg/inp/pr/nm)