Indonesia Forex Reserves Smallest Since 2024

2026-04-08 03:54 By Czyrill Jean Coloma 1 min. read

Indonesia's foreign exchange reserves fell to USD 148.2 billion in March 2026, from USD 151.9 billion the previous month.

This marked the lowest level since July 2024, primarily driven by the Bank of Indonesia's efforts to stabilize the rupiah amidst heightened global market volatility.

Despite this drop, the reserve assets remain robust, covering 6.0 months of imports or 5.8 months when accounting for both imports and government external debt servicing.

This level is well above the international benchmark of approximately three months of imports, highlighting Indonesia's strong external liquidity position.

Looking ahead, Bank Indonesia remains confident that the country's external sector will remain well-supported, bolstered by a healthy reserve position and continued inflows of foreign capital.

This optimism is further fueled by positive investor sentiment toward Indonesia's economic prospects and the attractive returns offered by the country’s investment climate.



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