BI Affirms Indonesia's Foreign Exchange Reserves Are Strong and Adequate

Bank Indonesia (BI) states that Indonesia’s foreign exchange reserves at end-April 2026 were US$146.2 billion. Head of BI’s Communications Department Ramdan Denny Prakoso said the level remains strong and adequate to support external resilience as well as to maintain macroeconomic stability and the national financial system.

‘The position of foreign exchange reserves is equivalent to around 114% of the IMF’s reserve adequacy standard and reflects Indonesia’s strong external resilience,’ Ramdan said in a statement received on Tuesday (19 May).

He added that Bank Indonesia continues to manage foreign exchange reserves in a measured manner to support the stability of the Rupiah’s exchange rate. In addition, to maintain market confidence and strengthen external resilience of the Indonesian economy amid high global uncertainty.

As reported, Indonesia’s foreign exchange reserves at end-April 2026 were lower than the end-March 2026 position of US$148.2 billion.

BI said the development was driven by tax and service receipts, as well as government global bond issuances amid debt payments and the rupiah stabilisation policy.

‘The stabilisation policy is in response to rising global financial market uncertainty,’ Ramdan Denny Prakoso said in a press release on Friday (8 May).

The FX reserve position at end-April 2026 is equivalent to financing 5.8 months of imports or 5.6 months of imports and debt payments to the government. The position remains above the international adequacy standard of around 3 months of imports.