scholarly journals Impact Non-Oil and Gas Exports and Oil and Gas Exports on The Position of Indonesia Foreign Exchange Reserves

2019 ◽  
Vol 7 (1) ◽  
pp. 87-100
Author(s):  
Pudji Djatmiko ◽  
Nugroho SBM

This study aims to determine and analyze the effect of Non-Oil and Gas Exports and Oil and Gas Exports on the Position of Indonesian Foreign Exchange Reserves partially in the period 1996 to 2017 which employs 22 data annually using SPSS 24. The dependent variable in this study is Indonesia's foreign exchange reserves, while the independent variables are non-oil and gas exports and oil and gas exports. To see the effect of independent variables on the dependent variable, the researcher did multiple linier regression analysis. Based on the results of this research, it is known that partially non-oil and gas export and oil and gas export have a positive and significant impact on Indonesia's foreign exchange reserves.  

2020 ◽  
Vol 54 (05) ◽  
pp. 122-125
Author(s):  
Kamil Sayavush Demirli ◽  

Key words: monetary policy, commodity trade foreign exchange reserves, balance of payments, oil and gas, balance, transportation, transit service, international, capital, perspective


2019 ◽  
Vol 30 (1) ◽  
pp. 29
Author(s):  
R Rudi Alhempi ◽  
Dodi Irawan Siregar

Indonesia's foreign debt has increased dramatically in the last decade both government and private debt, and has taken up a portion of Indonesia's state budget (APBN). The amount of principal payments and debt interest is almost double the Indonesian development budget. For this reason, an effort is needed to pay it off, that is, every country needs foreign exchange reserves as a means of foreign payment, export activities will increase the country's foreign exchange reserves, which in turn can strengthen economic fundamentals. One of the government's efforts to obtain foreign exchange from abroad is by making loans to other countries (foreign debt) and exporting the results of natural resources and non-natural resources abroad. From the results of this foreign exchange can be used to increase state development funds. This study uses multiple linear regression analysis. The results of this study indicate that: Multiple linear regression analysis can be used to predict Indonesia's foreign debt by analyzing foreign exchange reserves against Indonesia's export value; There is a large (significant) partial effect between foreign exchange reserves and foreign debt; There is no significant (partial) significant effect between the value of exports on foreign debt.


2019 ◽  
Vol 24 (2) ◽  
pp. 304
Author(s):  
Khalwat Asyaria, Risanda A. Budiantoro, Sri Herianingrum

Foreign exchange reserves are assets of a central bank that are stored in foreign currencies such as dollars, euros, yen and are used for international trade and funding the country's economy. The size of the country's foreign exchange reserves depends on the strength of its exports and imports both oil and gas and non-oil and gas. Regarding the purpose of this study to analyze the allocation of oil and gas and non-oil gas trade to the volatility of foreign exchange reserves in Indonesia, 1975-2016. This study used secondary data from the Badan Pusat Statistik and World Bank reports using quantitative analysis (multiple linear regression test). The results of the study show that non-oil exports and imports have a significant negative effect on the volatility of foreign exchange reserves. While for oil and gas exports and imports it has a negative and insignificant effect.


2020 ◽  
Vol 8 (1) ◽  
pp. 31-42
Author(s):  
Andi Andini Adhalia ◽  
Rachmad R ◽  
Rahma Nurjanah

The purpose of this study is to analyze: 1) The development of import values, inflation, exchange rates, FDI, and Indonesia's foreign exchange reserves for the period 1996-2017. 2) The influence of Indonesia's import determinants for the 1996-2017 period. In this study, the type of data used is secondary data based on the period 1996-2017. The method used in this research is descriptive analysis and quantitative analysis, namely multiple regression analysis. The results of this study indicate: 1) The average development of imports is 8.68% per year, the average inflation is 10.30% per year, the average development of the rupiah exchange rate against the dollar is 11.17% per year, the average development FDI is 5.66% per year, and the average development of foreign exchange reserves is 11.83% per year. 2) Simultaneously or together inflation, exchange rate, FDI, and foreign exchange reserves have a positive and significant impact on Indonesian imports. Partially, inflation has a positive and significant effect on Indonesian imports, the exchange rate has a negative and significant effect on Indonesian imports, FDI has a positive but not significant effect on Indonesian imports, and foreign exchange reserves have a positive and significant effect on Indonesian imports. Keywords: Imports, Inflation, Exchange rates, Foreign direct investment, Foreign exchange reserves


Significance The two largest oil ports, Ras Lanuf and Es Sider -- with a combined capacity of 600,000 barrels per day (b/d) -- are still closed due to fighting between rival factions, even though the UN-sponsored dialogue for a unity government is progressing. Libya is heavily dependent on oil and gas exports; 95% of its annual budget is generated from hydrocarbons. The decline in world oil prices since mid-2014, and the likelihood that oil will remain below 70 dollars per barrel in 2015, mean that Libya will further drain its foreign exchange reserves -- or make large spending cuts. The former is the easier choice. Impacts Financing from foreign reserves has been a policy since June 2014, but it is unclear how much of it has been spent. The use of foreign exchange reserves will prevent a budget crisis in 2015. Over the medium term, fiscal health will deteriorate.


Significance Plunging oil and gas revenue have created a dauntingly large budget deficit and the rapid erosion of foreign exchange reserves. To deal with the situation, the government on July 22 approved a package of measures in its mid-year interim budget, the Complementary Finance Law (LFC). They include changes to the tax system to incentivise productive activity and penalise importers, as well as a fiscal amnesty aimed at bringing the informal sector into the regular economy. Impacts The fall in fiscal and export revenues will heavily deplete the budgetary and foreign exchange reserves, albeit from relatively high levels. The government will have to consider more vigorous cost-cutting and revenue-raising measures in the 2016 budget. The resulting economic pressure will exacerbate the tense political situation regarding the ailing president's future and succession.


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