FX.co ★ Indonesia’s FX Reserves Slip to $154.6B in January, Easing from Record Levels

Indonesia’s foreign exchange reserves edged down in January 2026, easing from the previous month’s peak while remaining at a broadly comfortable level. According to the latest data updated on 6 February 2026, the country’s FX reserves stood at USD 154.60 billion, down from USD 156.50 billion recorded in December 2025.

The December figure marked a recent high, and the January moderation suggests some drawdown of reserves, potentially reflecting external payments, currency management operations, or valuation effects. While no further details were provided on the drivers of the change, the overall reserve stock remains substantial by historical standards, offering Indonesia a solid buffer against external shocks and supporting confidence in the rupiah and broader financial stability.

The January 2026 data will be watched by investors and analysts as they assess Indonesia’s external resilience at the start of the year, particularly in the context of global interest rate dynamics and capital flows to emerging markets.