June marked the first increase recorded this year after five constant monthly declines since December 2025 when the reserves were at US$156.5 billion.
A 100,000 rupiah banknote is pictured next to a 100 United States dollar banknote at a currency exchange office in Jakarta on June 4, 2026, after the rupiah weakened beyond 18,000 per US dollar for the first time. (AFP/Yasuyoshi Chiba)
Indonesia’s foreign exchange reserves have recorded its first monthly increase this year after five months of constant decline after Bank Indonesia (BI) hiked the interest rate by a total of 100 basis points (bps).BI spokesperson Ramdan Denny Prakoso revealed in a press statement on Tuesday that the country’s forex reserves in June stood at US$145.6 billion, $700 million more than $144.9 billion recorded in May.
“The development of the foreign exchange reserves position in June was influenced primarily by tax and services receipts, against the backdrop of the government's external debt payments and BI’s Rupiah exchange rate stabilization policy in response to heightened uncertainty in global financial markets,” said Denny.
The reading was equal to 5.5 months of imports, above the international adequacy standard of about 3 months, which BI viewed as “sufficient to support the resilience of the external sector, as well as maintain macroeconomic and financial system stability”.
