Indonesia's Foreign Exchange Reserves Inch Up to $145.6 Billion in June 2026

Indonesia's foreign exchange reserves saw a modest increase in June 2026, reaching $145.6 billion, a slight rise from the previous month's $144.9 billion. Bank Indonesia attributed this growth primarily to tax and service revenues, which helped offset government foreign debt payments and the central bank's interventions to stabilize the rupiah against global financial market volatility.

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The developments in the foreign exchange reserve position in June 2026 were influenced mainly by tax and service receipts amidst government foreign debt payments and Bank Indonesia's rupiah exchange rate stabilization policy in response to high global financial market uncertainty.

Despite a significant drop in reserves earlier in the year, largely due to the central bank's efforts to strengthen the rupiah amidst escalating global conflicts, the June figures indicate a positive trend. In January 2026, reserves stood at $154.6 billion, declining steadily through May before the uptick in June. Bank Indonesia stated that the current reserve level is sufficient to cover 5.5 months of imports, or 5.4 months of imports and government foreign debt payments, exceeding the international benchmark of approximately three months.

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Bank Indonesia assesses that these foreign exchange reserves are capable of supporting external sector resilience, as well as maintaining macroeconomic and financial stability.

Bank Indonesia expressed confidence in the resilience of the external sector, citing the adequate foreign exchange reserves and expected foreign capital inflows. This optimism is bolstered by positive investor perceptions of Indonesia's economic outlook and attractive investment returns. The central bank is committed to collaborating with the government to further bolster external resilience and maintain economic stability to foster sustainable growth.

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Going forward, BI believes external sector resilience remains strong, supported by adequate foreign exchange reserves and foreign capital inflows.

Meanwhile, the Indonesian rupiah showed signs of recovery, moving back towards the 18,000 per U.S. dollar mark. On Tuesday, July 7, 2026, the rupiah traded at 17,996 per dollar, reflecting a strengthening trend after a period of depreciation earlier in the year.

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Bank Indonesia continues to enhance synergy with the government in strengthening external resilience to maintain economic stability to support sustainable economic growth.