Indonesia’s Economic Resilience: Stable Reserves and a Strengthening Rupiah in May

10 Jun 2025 Valdy

Indonesia’s foreign exchange reserves remained stable at US$152.5 billion in May 2025 compared to April 2025. This stability was attributed to tax and service revenues, as well as oil and gas foreign exchange receipts, amid requirements for government foreign debt payments and Rupiah exchange rate stabilization policies in the face of persistently high global financial market uncertainty in May 2025 that reserves were equivalent to 6.4 months of imports or 6.2 months of imports plus government foreign debt payments, exceeding the international adequacy standard of approximately 3 months of imports.