The foreign exchange reserve hike was fueled by export tax, foreign exchange earnings from oil and gas exports, and proceeds from the auction of Bank Indonesia Securities (SBBI), BI Executive Director of Communication Department Tirta Segara said in a written statement released on Tuesday.
The foreign exchange reserves would able to support the countrys resistance to global effect and maintain the Indonesian economic growth, he said.
He added that the foreign exchange reserves were enough to finance 8.7 months of imports, or 8.4 months of imports and foreign debt repayments.
"The foreign exchange reserves are above the international adequacy threshold of three months of imports," he noted.(*)
Editor: Heru Purwanto
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