Indonesia’s forex exchange reserves slightly fell to USD 146.3 billion in September from a five-month high of USD 146.5 billion in the previous month. The decline was primarily due to government external loan withdrawals and tax and services receipts, amid repayments of maturing government foreign debt and Bank Indonesia’s rupiah stabilization measures in response to persistent uncertainty in global financial markets. Despite the decline, reserve assets remained robust, equivalent to 5.3 months of imports, or 5.2 months of imports and government external debt servicing, well above the international adequacy benchmark of around three months of imports. Looking ahead, Bank Indonesia expects external sector resilience to remain solid, supported by ample foreign exchange reserves and sustained foreign capital inflows, underpinned by positive investor sentiment toward Indonesia’s economic prospects and attractive investment returns.