Bank Negara has released the first reserve status for 2024, with the international reserves climbing to USD115.1 billion as at 15 January 2024.
The last report of the international reserves situation by Bank Negara Malaysia was at USD113.5 billion as of 29 December 2023, the USD2 billion increase for January in quite significant.
BNM said the reserves level has taken into account the quarterly foreign exchange revaluation changes. 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.
