Bank Negara Malaysia (BNM)’s international reserves increased 1.84% to US$110.5 billion (RM515.8 billion) as at November 15, 2023, from US$108.5 billion reported a fortnight ago.
“The reserves position is sufficient to finance 5.3 months of imports of goods and services, and is 1.0 time the total short-term external debt,” it said in a statement on Wednesday.
The central bank said of the five main components of the reserves, foreign currency reserves edged higher to US$98.4 billion from US$96.5 billion, while other reserve assets increased marginally to US$2.8 billion from US$2.7 billion.
The International Monetary Fund’s (IMF) reserve position stood at US$1.3 billion while the Special Drawing Rights remained at US$5.7 billion. Gold was also unchanged at US$2.3 billion.
