Indonesia Foreign Exchange Reserves

Indonesia’s foreign exchange reserves climbed to USD 150.1 billion in November 2025, up from USD 149.9 billion in the previous month, marking the highest level since August. The increase was primarily driven by tax and services revenue, as well as the government’s foreign loan withdrawals, amid Bank Indonesia’s rupiah-stabilization measures in response to heightened global financial market uncertainty. The current level is sufficient to cover 6.2 months of imports, or 6.0 months when accounting for the government’s external debt repayments, well above the international adequacy benchmark of around three months of imports. Looking ahead, Bank Indonesia expects external-sector resilience to remain strong, supported by a sustained export outlook and continued foreign investment inflows. This outlook reflects positive investor sentiment toward Indonesia’s domestic economic prospects and attractive investment returns.