Foreign Exchange Reserves Drop by 3.7 Billion USD, BI States It Is to Stabilise the Rupiah

JAKARTA - Bank Indonesia reported that the foreign exchange reserves position at the end of March 2026 reached 148.2 billion USD. This figure declined by 3.7 billion USD compared to February 2026, which stood at 151.9 billion USD. Executive Director of the Bank Indonesia Communication Department, Ramdan Denny Prakoso, stated that the decline was influenced by several factors. Foreign exchange reserves were used for the government’s issuance of global bonds. Usage was also related to tax and service receipts as well as government foreign loan payments. Market interventions to maintain rupiah exchange rate stability also affected the reserves position. “This stabilisation policy is Bank Indonesia’s response to increasing uncertainties in the global financial markets,” Ramdan said in a press release on Wednesday (8/4/2026). The foreign exchange reserves position is equivalent to financing six months of imports. This figure is also equivalent to 5.8 months of imports and government external debt payments. This level is above the international adequacy standard of around three months of imports. The central bank is confident that the external sector’s resilience remains maintained. Support comes from adequate foreign exchange reserves and foreign capital inflows. “BI continues to enhance synergy with the government in strengthening external resilience to maintain economic stability in support of sustainable economic growth,” he stated.