FX.co ★ Indonesia Forex Reserves Fall to 5-Month Low

In April 2025, Indonesia's foreign exchange reserves experienced a decline, falling to USD 152.5 billion from the record high of USD 157.1 billion observed in March. This decrease brings the reserves to their lowest point since last November, attributed largely to the government’s external debt obligations and the central bank's measures to stabilize the rupiah amidst ongoing global financial market uncertainties. Despite the decline, the current reserves are still sufficient to cover 6.4 months of imports or 6.2 months when accounting for imports and government foreign debt repayments, significantly surpassing the international adequacy benchmark of approximately three months' worth of imports. The central bank has assured that the foreign exchange reserves are expected to remain robust in the upcoming months, bolstered by a favorable export forecast, a surplus in the capital and financial account, and the allure of attractive investment returns.