BI Safeguards Rupiah as Indonesia's Foreign Reserves Drop Again to US$146.2 Billion

Bank Indonesia (BI) has announced that Indonesia’s foreign exchange reserves stood at US$146.2 billion at the end of April 2026. This figure represents a decline of approximately US$2 billion compared to the US$148.2 billion recorded at the end of March 2026. BI explained that the development of these foreign reserves was influenced by policies aimed at stabilising the rupiah exchange rate and the government’s foreign debt payments. Nevertheless, they continue to be supported by tax and service receipts, as well as the government’s issuance of global bonds. “These stabilisation policies are Bank Indonesia’s response to the heightened uncertainty in global financial markets,” according to a BI press release dated Friday (8/5/2026). The foreign reserves position at the end of April 2026 is equivalent to financing 5.8 months of imports or 5.6 months of imports and government foreign debt payments, and it exceeds the international adequacy standard of around 3 months of imports. Bank Indonesia assesses that these reserves are sufficient to support the resilience of the external sector and to maintain macroeconomic stability and the financial system. Looking ahead, Bank Indonesia believes that external sector resilience will remain strong, supported by adequate foreign reserves and inflows of foreign capital in line with positive investor perceptions of the national economic outlook and attractive investment returns. “Bank Indonesia continues to enhance synergies with the Government to strengthen external resilience in order to maintain economic stability and support sustainable economic growth,” as stated in the BI press release.