As had been confirmed by Agus Martowardojo, Governor of Bank Indonesia, earlier this week, Indonesia's foreign exchange reserves rose 2.1 percent to USD $102.74 billion at the end of February 2014, particularly due to strong capital inflows. According to Martowardojo, capital inflows in the first two months of 2014 exceed net capital inflows throughout 2013. Bank Indonesia regards the current foreign exchange reserves sufficient to underpin external sector resilience and maintain sustainable economic growth in Indonesia looking ahead.
Bank Indonesia notes: "the level of foreign exchange reserves is equivalent to 5.9 months of imports or 5.7 months of imports and servicing external debt, which is well above international adequacy standards of around three months of imports."
Indonesia's Foreign Exchange Reserves 2008-2014:
¹ in billion US dollar
² at end February 2014
Source: Bank Indonesia