Jakarta - Bank Indonesia recorded Indonesia's foreign exchange reserves at the end of May 2022 at US$135.6 billion, relatively stable compared to the previous month's position of US$135.7 billion.

"The development of the position of foreign exchange reserves in May 2022 was influenced, among other things, by oil and gas foreign exchange receipts, taxes, and services, as well as the need for payment of government foreign debt," said BI Executive Director Erwin Haryono on Wednesday (8/6).

According to Erwin, the foreign exchange reserve position is equivalent to financing 6.8 months of imports or 6.6 months of imports and servicing the government's foreign debt and is above the international adequacy standard of around three months of imports.

Bank Indonesia views foreign exchange reserves as capable of supporting external sector resilience and maintaining macroeconomic and financial system stability.

"Going forward, B