Investor Presentaiton
Ample Lines of Defense Against External Shocks
Ample Reserves
• Ample level of FX reserves to buffer against external shock
FX Reserve
Swap Arrangement
Bilateral
• FX Reserves as of of March 2023: US$145.2 bn
Japan
Singapore
Renewed a 3 year USD22.76 billion swap line with Japan on October 14th, 2021
● The facility is available in USD and JPY
.
China
Malaysia
Australia
Renewed a 1 year SGD/IDR swap arrangement with the size up to SGD 9.5 bn / IDR 1000 tn (equivalent) in
November 2022
Renewed a 3 year swap arrangement and increased the size of swap line up to CNY 250 bn / IDR 550 tn
(equiv.) in January 2022
Established a 3 year RM/IDR swap arrangement with a size up to RM 8 billion / IDR 28 trillion (equiv.) in
September 2022
Renewed a 3 year A$/IDR swap arrangement with a size up to A$10 billion or IDR 100 trillion in February
2022
Global
Regional
Chiang Mai
Initiative
Multilateralization
(CMIM) Agreement
IMF Global
Financial Safety
Net - GSFN
Source: Bank Indonesia
Entitled to a maximum swap amount of US$ 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
● 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)
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