FX.co ★ Indonesia Forex Reserves Stable in May

Indonesia's foreign exchange reserves held steady at USD 152.5 billion in May 2025, maintaining the same level as April, and demonstrating resilience in the face of external pressures. This stability was attributed to inflows from tax revenues, service receipts, and foreign exchange earnings from the oil and gas sector, which effectively counterbalanced the outflows from government external debt payments and Bank Indonesia's measures to stabilize the rupiah amidst persistent global financial market volatility. These figures are sufficient to cover 6.4 months' worth of imports, or 6.2 months when including government foreign debt payments, comfortably exceeding the international adequacy benchmark of roughly three months' worth of imports. The central bank reaffirmed that foreign exchange reserves are anticipated to remain robust in the upcoming months, supported by consistent export performance, a projected surplus in the capital and financial account, and sustained investor confidence in Indonesia's economic prospects.