JAKARTA, Feb. 7 (Xinhua) -- Indonesia's foreign exchange reserves increased to 156.1 billion U.S. dollars in January 2025, up from 155.7 billion dollars at the end of December 2024, the central bank announced on Friday.

"The rise in foreign exchange reserves was driven by the issuance of global government bonds, as well as tax and service revenue, amid the rupiah exchange rate stabilization policy. This aligns with the ongoing uncertainty in the global financial market," said Bank Indonesia's Executive Director for the Communication Department, Ramdan Denny Prakoso, during a press conference in Jakarta.

He said that the foreign exchange reserve position at the end of January 2025 was equivalent to financing 6.7 months of imports or 6.5 months of imports and payment of government foreign debt. This figure is above the international adequacy standard of about three months of imports.

"Bank Indonesia assesses that the foreign exchange reserves are capable of supporting the resilience of the external sector and maintaining macroeconomic and financial system stability," Prakoso added. Enditem

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