Indonesia’s foreign exchange reserves rose significantly to USD 156.5 billion in December 2025, up from USD 150.1 billion in November 2025. The increase in reserves was mainly driven by tax and services revenue, the issuance of government global sukuk, and withdrawals from government foreign loans. At the end of December 2025, the level of foreign exchange reserves was equivalent to 6.4 months of imports, or 6.3 months of imports and government external debt repayments, well above the international adequacy standard of around three months of imports.