Bank Indonesia reported that the country’s foreign exchange reserves stood at US$144.9 billion at the end of May 2026, equivalent to approximately Rp2,590.2 trillion based on the JISDOR exchange rate of Rp17,883 per U.S. dollar as of May 29, 2026. This figure was lower than the previous month’s reserve position of US$146.2 billion.

Looking further into historical data, the reserve level of US$144.9 billion represents the lowest point since June 2024, when foreign exchange reserves were recorded at US$140.2 billion. As a result, the current position marks the weakest level in approximately the last 23 months.

Ramdan Denny Prakoso, Executive Director of Bank Indonesia’s Communications Department, explained that the decline in foreign exchange reserves was primarily driven by government external debt repayments and Bank Indonesia’s efforts to stabilize the rupiah exchange rate. These factors occurred alongside inflows from tax revenues, service receipts, and the issuance of government global bonds.

In a statement released on Monday (June 8, 2026), Denny noted that Bank Indonesia’s exchange-rate stabilization measures were implemented in response to heightened uncertainty in global financial markets and increased seasonal demand for foreign currency within the domestic economy.

He further explained that the foreign exchange reserve position at the end of May 2026 was equivalent to financing 5.6 months of imports or 5.5 months of imports and government external debt repayments. This level remains comfortably above the international adequacy standard of roughly three months of imports.

Accordingly, Bank Indonesia believes that the current reserve position remains sufficient to support the resilience of the external sector while safeguarding macroeconomic stability and the financial system. The central bank also remains confident that Indonesia’s external position will continue to be well maintained thanks to the still-adequate level of foreign exchange reserves.

Denny added that this confidence is supported by positive investor sentiment regarding Indonesia’s economic outlook and the continued attractiveness of domestic investment returns.

He also emphasized that Bank Indonesia will continue strengthening coordination with the government to enhance external resilience, preserve economic stability, and support sustainable economic growth.

For reference, the Indonesian rupiah has been under persistent pressure in recent months. According to Bank Indonesia’s Jakarta Interbank Spot Dollar Rate (JISDOR), the rupiah was recorded at Rp18,039 per U.S. dollar on Friday’s trading session (June 5, 2026).

This level represents a depreciation of 7.86% compared with the rupiah’s exchange rate against the U.S. dollar at the beginning of the year. Moreover, Rp18,039 per U.S. dollar marks the weakest exchange rate ever recorded in Indonesia’s history.