Jakarta. Indonesia’s foreign exchange reserves declined by $2.7 billion to $151.9 billion at the end of February 2026, compared with the previous month, according to data released by Bank Indonesia on Friday.

The drop was partly driven by the central bank’s efforts to stabilize the rupiah exchange rate as well as the government’s external debt payments, Bank Indonesia spokesman Ramdan Denny Prakoso said in a statement.

Despite the decline, the current level of reserves remains sufficient to support the country’s external financing needs.

Ramdan said the reserve position at the end of February was equivalent to 6.1 months of imports, or 5.9 months of imports including government external debt payments.

Separately, Chief Economic Affairs Minister Airlangga Hartarto said Indonesia’s foreign exchange reserves remain at a safe level because they are still more than adequate to cover six months of imports, a commonly used benchmark for external stability.

Airlangga added that the government expects foreign exchange reserves to strengthen further as new regulations take effect, requiring natural resource exporters to keep their foreign currency earnings in domestic banks.

The policy aims to increase the availability of foreign currency within Indonesia’s financial system and support the stability of the rupiah.

“The regulation has actually been implemented, but it is still awaiting formal announcement from the Finance Ministry,” Airlangga said.

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