Foreign Exchange Reserve Prediction Economists Rise In 2025

JAKARTA - The position of Indonesia's foreign exchange reserves at the end of December 2024 was recorded at 155.7 billion US dollars.

This figure increased compared to the position at the end of November 2024 of 150.2 billion US dollars.

"This upward trend, which has been going on since May 2024, reflects Bank Indonesia's efforts to increase the composition of foreign exchange reserves, which now total 140 billion US dollars, up 4.21 percent compared to November 2024," said Bank Danamon Economist Hosienna Evalita Situmorang in his statement, Wednesday, January 8.

As a whole, the reserve position in December 2024 increased by 3.65 percent compared to the previous month or month on month (MoM).

In the future, Ana, her nickname, said that Indonesia's reserve position is expected to continue to grow, supported by the recent issuance of global government bonds worth between USD 1.5 billion and USD 1.75 billion, which is expected to be completed on January 15, 2025.

In addition, Bank Indonesia stated that the surge in reserves in December 2024 was mainly driven by tax and service receipts, withdrawal of government foreign loans, and foreign exchange inflows from the oil and gas sector.

This increase supports the government's policy of stabilizing the Rupiah amid rising global financial uncertainty.

As for December 2024, Indonesia's reserves are equivalent to 6.5 months of imports and payments for foreign debt, far above the international adequacy standard of 3 months of imports.