Indonesia’s foreign exchange reserves declined to USD 151.9 billion in February 2026, down from USD 154.6 billion in January. This was the lowest level since November 2025, mainly reflecting government external debt repayments and Bank Indonesia’s interventions to stabilize the rupiah amid persistent global financial market uncertainty.
Despite the drop, Indonesia’s reserve buffer remains strong, sufficient to cover 6.1 months of imports, or 5.9 months when including external debt servicing obligations—well above the commonly cited international adequacy benchmark of around three months of imports. Bank Indonesia stressed that the current reserve level is adequate to support external sector resilience and safeguard overall macroeconomic and financial system stability.
Looking ahead, the central bank expects Indonesia’s external position to remain solid, supported by an adequate reserve cushion and continued foreign capital inflows. This outlook reflects sustained positive investor sentiment toward Indonesia’s economic fundamentals and its relatively attractive investment returns.
