Bank Indonesia announced that the position of Indonesia's foreign exchange reserves at the end of May 2021 reached US$136.4 billion or lower than the end of April 2021, at around US$138.8 billion.

The position of foreign exchange reserves is equivalent to financing 9.5 months of imports or 9.1 months of imports and servicing external government debt and is above the international adequacy standard of around three months of imports.

The decline in the position of foreign exchange reserves in May 2021 was influenced, among other things, by the payment of the Government's foreign debt.

"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 a BI press release on Tuesday (8/6).

Looking ahead, Bank Indonesia views foreign exchange reserves as adequate, supported by stable economic prospects, and maintained,