FX.co ★ Indonesia’s FX Reserves Dip to $146.2B in April, Easing From Record Levels

Indonesia’s foreign exchange reserves slipped to USD 146.20 billion in April 2026, down from USD 148.20 billion in March, according to data updated on 8 May 2026. The latest figure marks a moderation from the previous month’s level, which had stood at a recent peak.

The USD 2.0 billion decline suggests a drawdown of reserves over the month of April, potentially reflecting factors such as external debt servicing, foreign exchange market operations, or changes in valuation. Despite the decrease, the reserve position remains substantial in absolute terms, continuing to provide a significant buffer for the Indonesian economy and its currency.

Market participants will likely watch upcoming data releases for signs of whether April’s move signals the beginning of a broader trend or a temporary adjustment from elevated levels seen in March 2026.