Foreign Reserves Decline to $152.5 Billion in April Amid Rupiah Weakness
Jakarta, Indonesianpost.com – Indonesia’s foreign exchange reserves decreased to $152.5 billion at the end of April 2025, a drop of $4.6 billion from $157.1 billion in March, as announced by Bank Indonesia (BI) on Thursday.
According to BI Communications Department Head, Ramdan Denny Prakoso, the decline was primarily driven by the government’s foreign debt repayments and Bank Indonesia’s foreign exchange rate stabilization efforts in response to heightened uncertainty in global financial markets.
On Thursday morning, the rupiah experienced depreciation against the US dollar. As of 9:20 a.m. Jakarta time, the rupiah stood at Rp 16,556 per dollar, reflecting a decrease of 20 points or 0.12 percent compared to the previous trading session, according to Bloomberg data.
Despite the decline, Bank Indonesia emphasized that the country’s reserves remain robust. As of April, Indonesia’s foreign exchange reserves were sufficient to cover 6.4 months of imports, or 6.2 months of imports and government external debt payments, well above the international adequacy threshold of approximately three months.
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“The foreign exchange reserves continue to be adequate to support the resilience of the external sector and maintain stability in the macroeconomic and financial systems,” stated Denny.
Looking ahead, Bank Indonesia projects that reserves will remain at a comfortable level, supported by stable export prospects, a forecasted surplus in the capital and financial account, and positive investor sentiment towards Indonesia’s economic outlook and investment returns.
“Bank Indonesia will continue to strengthen coordination with the government to enhance external resilience and ensure economic stability, thereby supporting sustainable growth,” Denny concluded. (BL/JG)