Bank Negara’s international reserves at US$115.1 bln, enough for 5.4 months of imports

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BNM said the reserves level has taken into account the quarterly foreign exchange revaluation changes. — Photo from www.bnm.gov.my/bank

KUCHING (Jan 22): Bank Negara Malaysia’s (BNM) international reserves amounted to US$115.1 billion as of Jan 15.

“The reserves level has taken into account the quarterly foreign exchange revaluation changes,” BNM said in a statement today.

“The reserves position is sufficient to finance 5.4 months of imports of goods and services, and is 1.0 times of the total short-term external debt.”

BNM’s latest announcement is US$1.6 billion higher than the previous level of US$113.5 billion announced on Dec 29, 2023.

It was previously US$110.5 billion as of Nov 15, 2023, up from US$108.5 billion on Oct 31, 2023.