Indonesia's Foreign Exchange Reserves Decline in April 2026: Debt Payments and Rupiah Stabilisation

JAKARTA - Indonesia’s foreign exchange reserves declined once again by the end of April 2026.

Bank Indonesia (BI) recorded the position of Indonesia’s foreign exchange reserves dropping to USD 146.2 billion in April 2026.

The figure decreased from the previous month’s USD 148.2 billion.

Denny explained that the decline in foreign exchange reserves was caused by tax and service receipts, the government’s issuance of global bonds amid government foreign debt payments, as well as rupiah exchange rate stabilisation.

The foreign exchange reserves as of April 2026 are equivalent to financing 5.8 months of imports or 5.6 months of imports plus government foreign debt payments.

This figure is far above the international adequacy threshold of around three months of imports.

BI estimates that this position will remain adequate in the coming period.

This optimism is driven by foreign capital inflows in line with positive investor perceptions of the national economic prospects and attractive investment returns.

“Bank Indonesia continues to enhance synergy with the government in strengthening external resilience to maintain economic stability in support of sustainable economic growth,” Denny added.