Cadangan Devisa RI Tembus Rekor Tertinggi Sepanjang Masa

Summary

Indonesia's foreign exchange reserves reached USD 150.2 billion at the end of August 2024, marking an increase from USD 145.4 billion in July 2024. This rise is the highest since December 2023 and is driven by higher tax receipts, foreign exchange from services, and government borrowing. The reserves cover 6.7 months of imports, significantly above international adequacy standards. Bank Indonesia views these reserves as sufficient to support the country's external stability, backed by a positive export outlook and favorable investment conditions, reinforcing investor confidence in Indonesia's economy.

Takeaways

• 😀 Indonesia's foreign exchange reserves reached a record high of 150.2 billion USD at the end of August 2024.
• 😀 The reserves increased from 145.4 billion USD at the end of July 2024, marking a significant growth.
• 😀 The highest reserve level since December 2023, which was 146.4 billion USD, was surpassed in August 2024.
• 😀 Factors contributing to the increase in reserves include tax receipts, service receipts, and foreign loans.
• 😀 Indonesia's reserves at the end of August 2024 were sufficient to cover 6.7 months of imports, or 6.5 months of imports and foreign debt payments.
• 😀 The reserves exceeded the international adequacy standard, which is about 3 months of imports.
• 😀 Bank Indonesia views the current level of foreign exchange reserves as adequate to support external stability.
• 😀 Positive export prospects contribute to the stability of Indonesia’s external position.
• 😀 The capital and financial account is expected to remain in surplus, in line with positive investor perceptions of Indonesia's economic outlook.
• 😀 Attractive investment yields are contributing to maintaining Indonesia's external economic stability.

Q & A

What was the position of Indonesia's foreign exchange reserves at the end of August 2024?

Indonesia's foreign exchange reserves at the end of August 2024 were 150.2 billion USD.

How does Indonesia's foreign exchange reserves in August 2024 compare to the previous month?

The reserves in August 2024 increased compared to July 2024, where the reserves were 145.4 billion USD.

What record did Indonesia's foreign exchange reserves set in August 2024?

The reserves reached the highest level since December 2023, surpassing the 146.4 billion USD mark.

What factors influenced the increase in Indonesia's foreign exchange reserves in August 2024?

The increase was influenced by tax receipts, foreign exchange income from services, and government foreign loan withdrawals.

How long can Indonesia's foreign exchange reserves cover imports and foreign debt payments?

Indonesia's reserves at the end of August 2024 can cover 6.7 months of imports or 6.5 months of imports and government foreign debt payments.

How does Indonesia's foreign exchange reserve position compare to international standards?

Indonesia's reserves are above the international standard of three months of import coverage.

What is Bank Indonesia's view on the adequacy of the foreign exchange reserves?

Bank Indonesia considers the foreign exchange reserves to be adequate and capable of supporting external sector resilience.

What is the outlook for Indonesia's exports according to the script?

The outlook for Indonesia's exports remains positive.

What is the expected trend in Indonesia's capital and financial account balance?

The capital and financial account is expected to remain in surplus, reflecting positive investor sentiment.

What factors contribute to the positive perception of Indonesia's economic prospects?

The positive perception is supported by attractive investment returns and a strong outlook for the national economy.