FX.co ★ Indonesia Forex Reserves Hit 9-Month Low

In August 2025, Indonesia’s foreign exchange reserves fell to a nine-month low of USD 150.7 billion, down from USD 152 billion in July. Despite this decrease, the reserves remain robust, bolstered by the government’s repayment of external debt and Bank Indonesia's strategic measures to stabilize the rupiah amidst persistent global financial market fluctuations. The current reserves are sufficient to cover 6.3 months of imports, or 6.1 months when combined with the servicing of the government's external debt—significantly exceeding the international adequacy standard of approximately 3 months of imports. Bank Indonesia asserts that the present level of foreign exchange reserves is more than adequate to ensure resilience in the external sector, while also strengthening macroeconomic and financial system stability. Looking forward, Bank Indonesia is optimistic about reserve adequacy, underpinned by strong export performance, ongoing surpluses in the capital and financial accounts, and consistently positive investor sentiment.