Indonesia Foreign Exchange Reserves

Indonesia’s foreign exchange reserves stood at USD 152.5 billion in May 2025, unchanged from April, reflecting continued resilience despite external pressures. The stable position was supported by tax revenues, service receipts, and foreign exchange earnings from oil and gas, offsetting the impact of government external debt payments and Bank Indonesia’s efforts to stabilize the rupiah amid ongoing global financial market uncertainty. The latest figures are sufficient to cover 6.4 months of imports or 6.2 months of imports and government foreign debt payments, remaining well above the international adequacy standard of around three months of imports. The central bank reiterated that foreign exchange reserves are expected to remain adequate in the coming months, underpinned by sustained export performance, a projected surplus in the capital and financial account, and continued investor confidence in Indonesia’s economic outlook.