Foreign Exchange Reserves in March 2026 Fall to USD 148.2 Billion
Bank Indonesia (BI) reported foreign exchange reserves in March 2026 at US$148.2 billion, equivalent to Rp 2,521.6 trillion (exchange rate of Rp 17,020 per US dollar). This position represents a decline of US$3.7 billion compared to February 2026, which was recorded at US$151.9 billion or equivalent to Rp 2,584.5 trillion.
“This development was influenced by the government’s issuance of global bonds and receipts from taxes and services amid government foreign debt payments and rupiah exchange rate stabilisation policies,” said Executive Director of Bank Indonesia’s Communication Department, Ramdan Denny Prakoso, in an official statement on Wednesday, 8 April 2026. He stated that the stabilisation policy was BI’s response to rising uncertainties in global financial markets.
According to Denny, the foreign exchange reserve position at the end of March 2026 is equivalent to financing 6.0 months of imports or 5.8 months of imports and government foreign debt payments. This position is also above the international adequacy standard of around 3 months of imports.
“Bank Indonesia assesses that these reserves are capable of supporting the resilience of the external sector as well as maintaining macroeconomic stability and financial system stability,” said Denny. BI also believes that external sector resilience remains strong, supported by adequate foreign exchange reserves and inflows of foreign capital.
On trading Tuesday, 7 April 2026, the rupiah closed weaker at Rp 17,105 per US dollar. Director of PT Traze Andalan Futures, Ibrahim Assuaibi, predicted that the rupiah would close weaker in the range of Rp 17,100 - Rp 17,150 per US dollar today.
According to Ibrahim, one cause of the strengthening US dollar index is investors preparing for potential escalation of conflict in the Middle East ahead of the deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz. “Disruptions in tanker traffic in recent weeks have tightened supply expectations and increased risk premiums across oil markets,” said Ibrahim in a written statement on Tuesday, 7 April 2026.