Bank Indonesia (BI) recorded that Indonesia's foreign exchange reserves as of the end of March 2021 amounted to US$137.1 billion or slightly decreased compared to February 2021 of US$138.8 billion.

Head of the BI Communication Department Erwin Haryono said the foreign exchange reserves were equivalent to financing 10.1 months of imports or 9.7 months of imports and government foreign debt payments.

"The position of foreign exchange reserves in March 2021 is also above the international standard of about 3 months of imports," in his statement in Jakarta, Wednesday (7/4).

Furthermore, Bank Indonesia assessed that the foreign exchange reserves were able to support the external sector's resilience and maintain macroeconomic and financial system stability.

The payment of external government debt mainly influenced the decline in foreign reserves position according to the payment maturity pattern.

Going forward, Bank Indonesia views that foreign exchange reserves will remain adequate, supported by stability and a maintained economic outlook, along with various policy responses to promote economic recovery.