OJK Reports Rising Indonesian Household Dollar Savings

Jakarta, CNBC Indonesia — The Financial Services Authority (OJK) has indicated that the increase in US dollar deposits in national banks remains normal and does not reflect public panic over the rupiah amid global volatility. OJK noted that foreign currency third-party funds (DPK) grew 10.87% year-on-year in April 2026, driven by a 23.21% rise in foreign currency savings and 22% in foreign currency deposits. Amid the strengthening US dollar and rising global geopolitical tensions, OJK assessed that households and corporations are increasingly placing funds in foreign currency as part of asset diversification. The regulator stressed the situation remains within acceptable limits. OJK Banking Supervision Executive Chief Dian Ediana Rae stated that the foreign currency DPK’s share of total DPK remains stable at around 15%-16%. “Since early 2026, we have observed an increase in the foreign currency DPK share of total DPK. However, the rise in foreign currency DPK is still considered reasonable,” Dian said in a statement. OJK also confirmed that banking liquidity remains adequate and exchange rate risks are well-controlled. According to OJK, the increase in foreign currency deposits reflects a measured defensive response to global volatility, not a mass outflow from rupiah or signs of systemic pressure in the domestic financial sector. OJK affirmed that domestic financial stability remains intact. Banking sector resilience is evident in a sufficiently high Capital Adequacy Ratio (CAR) to absorb risks. This is supported by adequate banking liquidity, with a Loan-to-Deposit Ratio (LDR) of 86.88% in April 2026, and Liquid Assets to Non-Core Deposits (AL/NCD) and Liquid Assets to Total Deposits (AL/DPK) ratios at 111.13% and 25.39%, respectively, well above the thresholds of 50% and 10%. Therefore, intermediation functions and foreign currency transaction services for the public continue to operate smoothly.