DETERMINAN CADANGAN DEVISA DI NEGARA ORGANISASI KERJASAMA ISLAM (OKI)

Weri Mahendra (Faculty of Islamic Economics and Business, UIN Sunan Kalijaga Yogyakarta, Jl. Laksda Adisucipto, Catur Tunggal, Sleman, Papringan, Caturtunggal, Kec. Depok, Kabupaten Sleman, Daerah Istimewa Yogyakarta 55281)
Fathiyyatur Rahmah (Faculty of Islamic Economics and Business, UIN Sunan Kalijaga Yogyakarta, Jl. Laksda Adisucipto, Catur Tunggal, Sleman, Papringan, Caturtunggal, Kec. Depok, Kabupaten Sleman, Daerah Istimewa Yogyakarta 55281)
Zahra Ramadani Jasman (Faculty of Islamic Economics and Business, UIN Sunan Kalijaga Yogyakarta, Jl. Laksda Adisucipto, Catur Tunggal, Sleman, Papringan, Caturtunggal, Kec. Depok, Kabupaten Sleman, Daerah Istimewa Yogyakarta 55281)

JURNAL DINAMIKA EKONOMI PEMBANGUNAN
Vol 5, No 3 (2022): DECEMBER

This study was conducted to determine whether exports, remittances, exchange rates and inflation can affect the increase in foreign exchange reserves of the Islamic Cooperation Organization (OIC) in 2011-2020. The results of the study show that exports and remittances have a positive and significant effect on foreign exchange reserves. Meanwhile, the exchange rate does not have a positive and significant effect on foreign exchange reserves and inflation does not have a significant negative effect on the OIC's foreign exchange reserves.