Investor Presentaiton
Ample Lines of Defense Against External Shocks
Ample Reserves
• Ample level of FX reserves to buffer against external shock
FX Reserve
• FX Reserves as of of June 2021: US$137.1 bn
Swap Arrangement
Bilateral
Regional
Global
Japan
Singapore
China
Malaysia
ASEAN Swap
Arrangement (ASA)
Chiang Mai
Initiative
Multilateralization
(CMIM) Agreement
IMF Global
Financial Safety
Net - GSFN
Renewed a 3 year USD22.76 billion swap line with Japan on October 14th, 2018
The facility is available in USD and JPY
• Renewed a one year SGD/IDR swap arrangement with the size up to USD7 billion (equivalent) in November 2020
Renewed a 3 year swap arrangement and increased the size of swap line up to CNY 200 bn / USD 30 billion in
November 2018
• Established a year RM/IDR swap arrangement with a size up to USD2 billion (equivalent) in September 2019
Entitled to a maximum swap amount of USD600 million under ASA
The first MoU on the ASA was signed in 1977 among 5 ASEAN Central Banks with total facility USD100 million
Increased in size to U.S.$2 billion in 2005
Entitled to a maximum swap amount of US$ 22.76 bn under the ASEAN+3 (Japan, China, and Korea) FX reserves pool
created under the agreement
•
Came into effect in 2010 with a pool of US$120 bn and
.
Doubled to US$240 bn effective July 2014
Indonesia is entitled to access IMF facilities for crisis prevention to address potential (actual) BOP problem
Such facilities include Flexible Credit Line (FCL) and Precautionary and Liquidity Line (PLL)
Source: Bank Indonesia
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