FX reserves declined to USD 144.9bn in May
Indonesia’s FX reserves fell to USD 144.9bn in May due to Bank Indonesia’s interventions to support the rupiah.
The reserves have been declining since April, when they stood at USD 146.2bn, and are down from a peak of USD 156.5bn in December 2025.
The decline is primarily driven by the central bank’s efforts to stabilize the rupiah, which has weakened sharply year-to-date.
Despite the drawdown, reserve levels remain robust, with an import cover ratio of 5.6 months.