REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia (BI) noted that Indonesia's foreign exchange reserves at the end of November 2015 fell by 500 million US dollars, compared to the previous month. Foreign exchange reserves position at the end of November 2015 was stood at 100.2 billion US dollars, compared to the end of October 2015 amounted to 100.7 billion US dollars.

Executive Director of Department of Communications of BI, Tirta Segara, said the development of foreign exchange reserves position was influenced by foreign exchange earnings, from oil and gas revenues, and the withdrawal of government loans.

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"Position of foreign exchange reserves is still enough to cover foreign exchange requirements, among others, for payment of foreign debt and use of foreign exchange in order to stabilize the rupiah," he explained, in an official statement, on Monday (7/12).

Tirta added, with this development, the reserves position as of end November 2015 was still enough to finance 7.1 months of imports or 6.9 months of imports and official debt repayment. Its position was above international standard of adequacy of about three months of imports.

BI assessed, the foreign exchange reserves was able to support resilience of external sector and maintain sustainability of economic growth in Indonesia in the future.

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