TEMPO.CO, Jakarta - Bank Indonesia (BI) reported a US$102.1 billion foreign-exchange reserve as of late January 2016, lower than US$105.9 billion in December 2015.
BI’s director of communication department Arbonas Hutabarat said that the decreasing foreign-exchange reserve by US$3.8 billion was affected by foreign debt repayment.
“The development was affected by foreign-exchange spending for foreign debt repayment, including payments for principal debt and global bond interest,” Arbonas said in a press release on Friday, February 5, 2016.
Arbonas believes that the foreign-exchange reserve would be able to cover imports for the next 7.5 months and foreign debt repayment. Arbonas added that the amount was above the international adequacy standards.
“Bank Indonesia viewed that the foreign-exchange reserve would be enough to support the external sector resilience and maintain Indonesia’s economic sustainability in the future,” he added.
BISNIS.COM