Indonesia's foreign exchange (forex) reserves totalled USD $97.0 billion at the end of October 2013, up USD $1.3 billion from the previous month (USD $95.7 billion). Consequently, the current level of foreign exchange reserves is equivalent to 5.5 months of imports and the government’s foreign debt payment. Bank Indonesia considers the current stockpile of forex reserves adequate to bolster external sector resilience and is above international adequacy standards.
Forex reserves in Indonesia swelled in October 2013 on the back of robust foreign exchange earnings on government oil and gas exports. In line with the increase in foreign exchange reserves, a positive market response to the policies issued by Bank Indonesia and the government brought foreign capital inflows back to Bank Indonesia Certificates (SBI) and tradeable government securities (SBN), which ultimately contributed to the easing of rupiah exchange rate pressures during October 2013.
Foreign Exchange Reserves Indonesia:
¹ in billion USD dollar
² at end October 2013
Source: Bank Indonesia