Government Pays Debt, February 2026 Foreign Exchange Reserves Fall to US$151.9 Billion

Bank Indonesia recorded Indonesia’s foreign exchange reserves at the end of February 2026 remaining high at US$151.9 billion, though down from US$154.6 billion at the end of January 2026. The development was contributed to by tax and services receipts, as well as drawdowns on the government’s external borrowings amid payments of the government’s external debt. ‘And the rupiah exchange-rate stabilisation policy in response to the ongoing high level of uncertainty in global financial markets,’ said Ramdan Denny Prakoso, Executive Director of the Department of Communications, in remarks quoted in his statement on Friday, 6 March 2026. He explained that the foreign exchange reserves at end-February 2026 were equivalent to financing 6.1 months of imports, or 5.9 months of imports and debt service payments, and were above the international adequacy standard of around 3 months of imports. ‘Bank Indonesia regards the foreign exchange reserves as capable of supporting external resilience and maintaining macroeconomic and financial system stability,’ he added. Going forward, he continued, Bank Indonesia believes external resilience will remain robust, supported by adequate foreign exchange reserves and inflows of foreign capital, in line with investors’ positive perceptions of the national economy’s prospects and attractive investment returns. ‘Bank Indonesia will continue to strengthen synergies with the Government in reinforcing external resilience to maintain macroeconomic stability and support sustainable economic growth,’ he concluded.