Indonesia’s FX Reserves Strengthen to US$150.1 Billion Despite Market Uncertainty

Indonesia’s foreign exchange reserves rose to USD 150.1 billion in November 2025 from USD 149.9 billion in October 2025. The increase in reserves was primarily driven by tax and service revenue, as well as the government’s withdrawal of foreign loans, amid Bank Indonesia’s efforts to stabilize the rupiah amid heightened global financial market uncertainty. At the end of November 2025, the reserve level was sufficient to finance 6.2 months of imports, or 6.0 months of imports and external government debt payments, well above the international adequacy standard of around three months of imports.

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