2026.08.0703:09:29UTC+00Indonesia Forex Reserves Fall in July

Indonesia’s foreign exchange reserves edged down to USD 145.3 billion in July 2026 from USD 145.6 billion in June. The slight decline primarily reflected government external debt repayments and Bank Indonesia’s interventions in the foreign exchange market to support the rupiah amid renewed volatility in global financial markets. These factors outweighed positive inflows from tax and service revenues as well as proceeds from the issuance of global government bonds.

Despite the marginal decrease, the reserve position remained strong, sufficient to cover 5.5 months of imports or 5.3 months of imports plus government external debt repayments—well above the international adequacy benchmark of around three months. Bank Indonesia emphasized that this buffer is more than adequate to maintain external sector stability and bolster overall macroeconomic and financial system resilience.

Looking ahead, the central bank expects the external sector to stay resilient, supported by ample foreign exchange reserves and continued capital inflows.