Foreign exchange reserves in Indonesia climbed to USD 146.4 billion in December 2023 from USD 138.1 billion in the previous month. It was the biggest amount since September 2021, supported by tax and service revenues and the government’s foreign loan withdrawals. The central bank noted that the official reserve assets were equivalent to 6.5 months of imports and servicing the government’s external debt. The Bank of Indonesia added that reverse assets remained adequate, supported by stability, and maintained the macroeconomic outlook.
