Jakarta - Bank Indonesia (BI) noted that Indonesia's foreign exchange reserves at the end of January 2025 reached 156.1 billion US dollars, an increase compared to the position at the end of December 2024 of 155.7 billion US dollars.
"The increase in the foreign exchange reserve position came from, among other things, the issuance of government global bonds and tax and service revenues amid the rupiah exchange rate stabilization policy in line with the continuing uncertainty of the global financial market," said BI Communication Department Executive Director Ramdan Denny Prakoso in Jakarta, Friday.
The foreign exchange reserves position at the end of January 2025 was equivalent to financing 6.7 months of imports or 6.5 months of imports and government foreign debt payments, and was above the international adequacy standard of around 3 months of imports.
Bank Indonesia assesses that foreign exchange reserves are capable of supporting external sector resilience and maintaining macroeconomic and financial system stability.
"Going forward, Bank Indonesia views foreign exchange reserves as adequate to support external sector resilience," said Ramdan.
The export outlook remains positive and the capital and financial account balance is predicted to continue to record a surplus, in line with investors' positive perceptions of the national economic outlook and attractive investment returns, supporting the maintenance of external resilience.
Bank Indonesia also continues to increase synergy with the government in strengthening external resilience so that it can maintain economic stability in order to support sustainable economic growth.