Indonesia Foreign Reserves Fall Further to Two-Year Low in April

Indonesia’s foreign-exchange reserves fell further in April to the lowest in nearly two years as the central bank stepped up intervention to defend the rupiah.

Foreign reserves fell $1.95 billion to $146.2 billion, the lowest since July 2024, due to the government’s external debt payments and the central bank’s measures to stabilize the rupiah, Bank Indonesia said in a statement Friday. The stockpile has fallen by $10.27 billion this year.