RI’s Foreign Exchange Reserves Increase to US$140.3 Bn in February 2023 Bank Indonesia (BI) noted that Indonesia’s foreign exchange reserves reached US$140.3 billion at the end of February 2023. This amount increased compared to the position in January 2023, amounting to US$139.4 billion. Head of the Communications Department and Executive Director of BI Erwin Haryono said the increase in the position of foreign exchange reserves in February 2023 was, among others, influenced by tax revenues and the withdrawal of government foreign loans.BI itself assesses that these foreign exchange reserves are able to support external sector resilience and maintain macroeconomic and financial system stability. Going forward, BI views foreign exchange reserves as adequate. This is supported by stability and economic prospects that are maintained along with various policy responses. The policy is also aimed at maintaining macroeconomic and financial system stability to support the process of national economic recovery.

Source: https://www.cnnindonesia.com/ekonomi/20230307103950-532-921847/cadangan-devisa-ri-meningkat-jadi-us-1403-m-pada-februari-2023