Bank Indonesia (BI) announced on Friday (6 November 2026) that Indonesia's foreign exchange reserves stood at US$146.8 billion at the end of October 2026. The figure is up by around US$0.5 billion from US$146.3 billion at the end of September 2026. The modest increase came as BI continued to safeguard rupiah stability amid persistently high uncertainty in global financial markets.
Key points
- Reserves at end-October 2026: US$146.8 billion, up from US$146.3 billion at end-September.
- The increase was mainly supported by government foreign loan withdrawals and tax and services receipts.
- The rise was held back by maturing government external debt payments and rupiah exchange-rate stabilisation measures.
- Reserves are equivalent to 5.3 months of imports, or 5.2 months of imports and government external debt payments, above the international adequacy standard of around 3 months of imports.
The picture across 2026
Despite October's increase, reserves remain below the January 2026 level of US$154.58 billion, a decline of nearly US$8 billion since the start of the year. The drop reflects the scale of intervention needed to ease pressure on the rupiah. BI Head of Communications Department Ramdan Denny Prakoso said BI considers the reserves adequate to support external sector resilience as well as macroeconomic and financial system stability.
Implications for businesses
For businesses, particularly importers and companies with foreign-currency debt or transactions, the data signals that BI's buffer to support the rupiah remains adequate, although its room for intervention is not unlimited. Companies should carefully assess exchange-rate risk when preparing their 2027 budgets, consider hedging, and pay attention to the impact of foreign exchange differences on financial statements and tax calculations.
Need assistance with the impact of exchange-rate fluctuations on your company's taxation and bookkeeping? Contact Hanna Consulting for a consultation.
Sources: CNN Indonesia · Kontan
