Arnoldus Kristianus, Jakarta – Indonesia's foreign exchange reserves climbed to $149.9 billion at the end of October, up $1.2 billion from the previous month, Bank Indonesia (BI) reported on Friday.

The increase was mainly driven by government global bond issuance, along with tax and service revenues, amid BI's continued efforts to stabilize the rupiah in the face of heightened global financial uncertainty, the central bank said.

"Bank Indonesia views the current reserve position as sufficient to support external resilience and maintain macroeconomic and financial system stability," said Ramdan Denny Prakoso, head of BI's communications department.

The October reserve level is equivalent to 6.2 months of imports, or six months of imports plus government external debt payments, well above the international adequacy standard of around three months of imports.

Ramdan added that foreign capital inflows are expected to continue in the months ahead, reflecting investors' positive outlook on Indonesia's economic prospects and the country's attractive investment returns.

Bank Indonesia has maintained a proactive policy mix – including monetary stabilization, foreign exchange intervention, and prudential liquidity management – to shield the rupiah and sustain market confidence amid global volatility.

Source: https://jakartaglobe.id/business/indonesias-foreign-reserves-near-150-billion-in-octobe