Arnoldus Kristianus, Jakarta – Indonesia's foreign exchange reserves declined by $1.3 billion to $144.9 billion at the end of May 2026 from $146.2 billion a month earlier, according to Bank Indonesia.
The central bank said the decline reflected a combination of government global bond issuance, tax and services receipts, as well as government external debt repayments and Bank Indonesia's efforts to stabilize the rupiah amid heightened global financial market uncertainty and seasonal domestic demand for foreign currency.
"Bank Indonesia views the current level of foreign exchange reserves as sufficient to support external sector resilience and maintain macroeconomic and financial system stability," BI Communications Department Head Ramdan Denny Prakoso said in a statement on Monday.
Despite the monthly decline, the reserve position remains strong, equivalent to 5.6 months of imports or 5.5 months of imports and government external debt servicing. The level is also well above the international adequacy standard of around three months of imports.
Bank Indonesia expects the country's external sector resilience to remain solid, supported by adequate foreign exchange reserves and continued capital inflows amid positive investor sentiment toward Indonesia's economic outlook and attractive investment returns.
"Bank Indonesia will continue to strengthen coordination with the government to reinforce external resilience, safeguard economic stability, and support sustainable economic growth," Ramdan said.