Executive Director of Head of the Communications Department of BI Erwin Haryono noted in an official statement here on Thursday that the increase in the position of foreign exchange reserves in June 2022 was influenced by the issuance of global bonds or government global bonds as well as tax and service receipts.
The position of foreign exchange reserves is equivalent to financing 6.6 months of imports, or 6.4 months of imports and servicing of government external debt, and is above the international adequacy standard of around three months of imports.
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In future, the central bank considers that foreign exchange reserves will remain adequate, supported by stability and maintained economic prospects, along with various policy responses to promote economic recovery.
Earlier, the government had successfully issued Government Bonds (SUN) in foreign currencies, or global bonds, denominated in Japanese yen, also called Samurai bonds, for the first time in 2022 on June 2.
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The issuance was conducted amidst volatile financial market conditions due to the impact of rising interest rates and tightening global monetary policy as well as rising geopolitical tensions.
The issuance of Samurai bonds also managed to score a benchmark size of 81 billion Japanese yen for the eighth time since 2015. In the latest issue, four series were issued: RIJPY0625, RIJPY0627, RIJPY0629, and RIJPY0632.
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Translator: Katriana
Editor: Fardah Assegaf
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