Bank Indonesia intensifies efforts to stabilize the rupiah as foreign exchange reserves fall to a nearly two-year low

Golden Ten Data, April 8 – Due to increased market intervention by Bank Indonesia to stabilize the weakening rupiah, the country's foreign exchange reserves have declined for the third consecutive month, dropping to their lowest level in nearly two years as of March. In a statement released on Wednesday, Bank Indonesia said that due to measures taken to stabilize the currency and government repayments of external debt, foreign exchange reserves in March fell by $3.7 billion to $148.2 billion, the lowest level since July 2024. In the first three months of this year, Indonesia's foreign exchange reserves have decreased by a total of $8.3 billion.