The central bank Governor Agus Martowardojo attributed the increase in the countrys foreign exchange reserve to sales of government bonds and loan received by the government.
Tax and oil and gas revenues also contributed to the rise in the foreign exchange reserve, Agus told lawmakers in a meeting here on Thursday.
Bank Indonesias Executive Director of Communication Tirta Segara said the foreign exchange reserve was enough to cover the countrys imports and installments of the governments debt for 8.1 months, or 8.4 months of imports alone.
"This is higher than the international adequacy standard of three month imports," Tirta said in a statement.
He said the reserves could strengthen resilience against external pressure and help sustain the countrys economic growth.(*)
Editor: Heru Purwanto
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