Indonesia’s foreign exchange reserves grew by 1.68% MoM to US$157.1 billion in March 2025, up from US$154.1 billion in February 2025. The increase was driven by tax and service receipts and government external debt withdrawals amid the Rupiah exchange rate stabilization policy implemented in response to heightened global financial market uncertainty. Furthermore, the current position of foreign exchange reserves remains high, equivalent to financing 6.7 months of imports or 6.5 months of imports and government external debt payments, exceeding the international adequacy standard of approximately 3 months of imports.