FX Reserves: US$156.1 billion | 0.24% MoM |7.62% YoY

Indonesia’s foreign exchange reserves increased by 0.24% MoM to US$156.1 billion in January 2025 from US$155.7 billion in December 2024. This increase was influenced by several factors, including the government’s global bond issuance, tax and service revenue realization, and Rupiah exchange rate stabilization policies implemented amid continued uncertainty in international financial markets. Furthermore, the current level of foreign exchange reserves remains high, equivalent to 6.7 months of imports or 6.5 months of government external debt payments. It is above the international adequacy standard of 3 months of imports.

By PHINTRACO SEKURITAS | Research
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