Indonesia’s foreign exchange (FX) reserves fell to US$148.7 billion in September 2025 from US$150.7 billion in August 2025. This decline was mainly driven by government external debt repayments and exchange rate stabilization measures to support the Rupiah against the U.S. dollar amid persistently high global uncertainty. At the end of September 2025, the reserve position was sufficient to cover 6.2 months of imports, or 6.0 months of imports and government external debt payments, well above the international adequacy standard of around 3 months of imports