JAKARTA – Bank Indonesia (BI) reported foreign exchange (forex) reserves of USD 156.1 billion as of January 2025, up 0.25% from USD 155.7 billion in December 2024.

Ramdan Denny Prakoso, Executive Director of BI's Communications Department, stated that the increase in foreign exchange reserves was driven by the government’s issuance of global bonds as well as tax and service receipts.

“The foreign exchange reserve position in January 2025 is equivalent to 6.7 months of imports or 6.5 months of import and foreign debt payments,” he said on Friday (7/2).

The current level of foreign exchange reserves exceeds the international adequacy standard of around three months of imports. Moreover, it is sufficient to support sectoral resilience.

“Bank Indonesia continues to strengthen synergy with the government in enhancing external resilience, thereby maintaining economic stability to support sustainable economic growth,” he added.

For reference, the 0.25% increase in foreign exchange reserves from December 2024 to January 2025 is lower than the 3.66% growth observed from November to December 2024. Foreign exchange reserves in November 2024 stood at USD 150.2 billion. (LK/ZH)