Indonesia's Foreign Exchange Reserves Drop by US$1.3 Billion in May to US$144.9 Billion

Bank Indonesia (BI) has reported that Indonesia’s foreign exchange reserves at the end of May 2026 were recorded at US$144.9 billion, a decrease of US$1.3 billion compared to the position at the end of April 2026, which stood at US$146.2 billion.

According to a press release from BI on Monday (8/6/2026), the development of foreign exchange reserves in May 2026 was influenced by the issuance of government global bonds, as well as tax and service revenues. This occurred alongside the payment of the government’s external debt and Bank Indonesia’s exchange rate stabilisation policies in response to high uncertainty in global financial markets and seasonal domestic demand for foreign currency.

Overall, the foreign exchange reserve position at the end of May 2026 remains strong, equivalent to 5.6 months of imports, or 5.5 months of imports and government external debt payments. This remains above the international adequacy standard of approximately 3 months of imports. According to BI, these reserves are capable of supporting external sector resilience and maintaining macroeconomic and financial system stability.