Jakarta. Indonesia’s foreign exchange reserves fell by $2 billion in April as Bank Indonesia (BI) intensified efforts to stabilize the rupiah amid heightened global market volatility.

The central bank reported on Friday that reserves stood at $146.2 billion at the end of April 2026, down from the previous month. The decline was influenced by lower tax and services receipts, alongside the government’s global bond issuance, external debt repayments, and BI’s intervention measures to support the rupiah.

“Bank Indonesia views the current level of foreign exchange reserves as sufficient to support external sector resilience and maintain macroeconomic and financial system stability,” BI Communications Department Head Ramdan Denny Prakoso said in a statement.

Ramdan said the reserve position was equivalent to 5.8 months of imports, or 5.6 months of imports and government external debt servicing, remaining well above the international adequacy standard of around three months of imports.

Looking ahead, BI expects Indonesia’s external sector resilience to remain solid, supported by adequate reserve levels and continued foreign capital inflows.

The outlook is also in line with positive investor sentiment toward Indonesia’s economic prospects and the country’s relatively attractive investment returns.

“Bank Indonesia will continue strengthening coordination with the government to reinforce external resilience and safeguard economic stability in support of sustainable economic growth,” Ramdan said.

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