Bank Indonesia (BI) reported that Indonesia's foreign exchange reserves in April 2021 were recorded at US$138.8 billion.

Head of the BI Communication Department Erwin Haryono said this position was an increase compared to the position at the end of March 2021, which was at US$137.1 billion. Tax and service revenues and the withdrawal of foreign government loans propped up the foreign exchange reserves.

"The position of foreign exchange reserves is equivalent to financing 10.0 months of imports or 9.6 months of imports and servicing of government foreign debt," he said in his statement in Jakarta, Friday (7/5).

This position is above the international adequacy standard of around three months of imports.

"Bank Indonesia considers the foreign exchange reserves to be able to support the resilience of the external sector and maintain macroeconomic and financial system stability," said Erwin.

Erwin added that BI vie