FX.co ★ Indonesia Forex Reserves Rise to 9-Month High

Indonesia's foreign exchange reserves rose to USD 156.5 billion in December 2025, up from USD 150.1 billion the previous month, reaching their highest point since March. This increase is largely attributed to revenue from taxes and services, the issuance of government global sukuk, and the withdrawal of foreign loans by the government. The current reserve level is adequate to cover 6.4 months of imports, or 6.3 months when considering the government's external debt obligations, which significantly exceeds the international adequacy standard of roughly three months of imports. Looking forward, Bank Indonesia anticipates continued resilience in the external sector, bolstered by a robust export outlook and ongoing foreign investment inflows. This positive outlook is underpinned by favorable investor perceptions of the national economy and consistently appealing investment returns.