Stabilising the Rupiah Exchange Rate, Indonesia's Foreign Reserves Fall to US$148.2 Billion

Bank Indonesia has recorded Indonesia’s foreign exchange reserves position at the end of March 2026 remaining high at US$148.2 billion. Although this represents a decline compared to the position at the end of February 2026, which was US$151.9 billion.

Ramdan Denny Prakoso, Executive Director of the Communication Department, stated that this development was influenced by the government’s issuance of global bonds and receipts from taxes and services amid government foreign debt payments and policies to stabilise the rupiah exchange rate.

“The stabilisation policy serves as Bank Indonesia’s response to the increasing uncertainties in the global financial markets,” he explained.

He elaborated that the foreign exchange reserves 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, and it is above the international adequacy standard of around three months of imports.

“Bank Indonesia assesses that these foreign exchange reserves are capable of supporting the resilience of the external sector as well as maintaining macroeconomic stability and the financial system,” he added.

Looking ahead, Bank Indonesia believes that the external sector’s resilience will remain strong, supported by adequate foreign exchange reserves and inflows of foreign capital 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,” he concluded.