Indonesia’s Balance of Payments (BOP) in the first quarter (Q1) of 2022 remained sound, thereby bolstering external resilience. The current account surplus persisted despite capital and financial account deficit, leading to a BOP deficit of US$1.8 billion in the first quarter of 2022. Consequently, the position of reserve assets at the end of March 2022 stood at US$139.1 billion, equivalent to 7.0 months of imports and servicing government external debt, which is well above the international adequacy standard.