JAKARTA, Sept. 7 (Xinhua) -- Indonesia's foreign exchange reserves stood at 144.8 billion U.S. dollars as of the end of August 2021, up from 137.3 billion dollars at the end of July this year, according to the central bank.
Bank Indonesia's spokesman Erwin Haryono said in a statement on Tuesday that the increase of the foreign exchange reserves in August 2021 was mainly due to the additional allocation of IMF Special Drawing Rights (SDR) of 4.46 billion SDR or equivalent to 6.31 billion U.S. dollars to Indonesia, he noted.
He pointed out that in 2021, the IMF raised the SDR allocation and distributed it to all member countries, including Indonesia.
The general SDR allocation aimed to support global economic resilience and stability affected by the COVID-19 pandemic, and to strengthen global reserves, he said, adding that the allocation of SDR was distributed to the IMF member countries at no cost.
Bank Indonesia views that the foreign exchange reserves remain adequate, supported by the stable and solid domestic economic outlook. Enditem
