Foreign Exchange Reserves Fall by US$3.7 Billion, Here's BI's Explanation!

Bank Indonesia is confident that Indonesia’s foreign exchange reserves remain sufficient to support external resilience and stabilisation. The position of foreign exchange reserves, according to BI, is still safe as it exceeds the international minimum adequacy standard of three months of imports. Meanwhile, Indonesia’s foreign exchange reserves at the end of March 2026 are equivalent to financing 6.0 months of imports or 5.8 months of imports and government foreign debt payments. “Bank Indonesia will continue to maintain the foreign exchange reserves above the international standards set. So, based on that, the international minimum adequacy standard is three months of imports. And Bank Indonesia maintains our foreign exchange reserves position far above that minimum standard,” said Bank Indonesia’s Executive Director of Information, Ramdan Denny Prakoso, when meeting the media at the RI DPR Building in Jakarta on Wednesday (8/4/2026). BI itself reported that Indonesia’s foreign exchange reserves (cadev) stood at US$148.2 billion in March 2026, down around US$3.7 billion from the previous month’s figure of US$151.9 billion. The decline in foreign exchange reserves was due to usage for government foreign debt payments and policies to stabilise the rupiah exchange rate. “This stabilisation policy is Bank Indonesia’s response to the increasing uncertainty in global financial markets,” quoted from BI’s press release on Wednesday (8/4/2026). Despite the decline, Ramdan Denny stated that BI continues to monitor the position of foreign exchange reserves in guaranteeing Indonesia’s external resilience. “To guarantee Indonesia’s external resilience. So, whatever foreign exchange reserves are used for intervention activities, it always considers the adequate and healthy position of foreign exchange reserves for Indonesia,” said Ramdan Denny.