Jakarta. Bank Indonesia (BI) has denied reports claiming it sold 11 tons of gold reserves in July 2025, clarifying that its holdings remain unchanged and that the information circulating in several foreign media outlets is inaccurate.

The clarification followed a report citing World Gold Council (WGC) data, which suggested that Indonesia’s gold reserves had dropped by 11 tons during the month. The central bank, however, firmly rejected that claim.

“In response to questions on whether Bank Indonesia sold 11 tons of gold, we can confirm that the central bank did not conduct any gold sales as reported,” said Ramdan Denny Prakoso, Head of BI’s Communication Department, in an official statement on Monday.

BI urged the public and media to rely on official data published on its website for accurate information regarding Indonesia’s foreign exchange reserves.

The speculation emerged after the WGC released its report titled “Central Bank Gold Statistics: Central Bank Gold Buying Rebounds in August” on October 3, which was later cited by international outlets as evidence of a decline in Indonesia’s holdings.

However, according to data from the International Monetary Fund (IMF) through its International Reserves and Foreign Currency Liquidity (IRFCL) report, Indonesia’s monetary gold reserves actually increased, rising from $8.32 billion in June to $8.348 billion in July 2025.

The IMF noted that its IRFCL data are re-disseminated from official national sources, including Bank Indonesia.

As of July 2025, Indonesia’s total foreign exchange reserves stood at $152 billion, comprising:

• Monetary gold: $8.348 billion
• Special Drawing Rights (SDRs): $7.55 billion
• Reserve Position in the Fund (RPF): $1.08 billion
• Other foreign exchange assets: $135 billion

The central bank said this reserve level is sufficient to finance 6.3 months of imports, or 6.2 months of imports and government external debt payments, well above the international adequacy benchmark of around three months.

“Indonesia’s foreign reserves remain strong and stable, reflecting the country’s resilient external balance and prudent reserve management,” BI stated.

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