Indonesia’s Foreign Exchange Reserves Rise to $156.1 Billion in January 2025

JAKARTA, investortrust.id – Bank Indonesia, the country central bank, reported an increase in Indonesia’s foreign exchange (forex) reserves, reaching $156.1 billion by the end of January 2025, up from $155.7 billion in December 2024.

“Forex reserves rose from $155.7 billion at the end of December 2024,” said Executive Director of Bank Indonesia’s Communication Department Ramdan Denny Prakoso in a written statement on Friday, Feb. 7, 2025.

Drivers of Growth

According to Bank Indonesia, the rise in forex reserves was supported by the issuance of global government bonds and tax and service revenues, amid ongoing measures to stabilize the rupiah in response to persistent global financial market uncertainty.

By the end of January 2025, the reserve level was sufficient to finance 6.7 months of imports, or 6.5 months of imports plus government foreign debt payments, significantly exceeding the international adequacy standard of around three months of imports.

Bank Indonesia further emphasized that the current forex reserves bolster external sector resilience and maintain macroeconomic and financial system stability.

Positive Outlook for External Stability

“Looking ahead, Bank Indonesia assesses that forex reserves remain adequate to support external sector resilience,” Ramdan added.

The positive outlook for exports and expectations of a continued surplus in the capital and financial account—driven by investor confidence in Indonesia’s economic prospects and attractive investment yields—are expected to sustain external sector stability.