Malaysia’s international reserves remained usable and sufficient as at the end of December 2025, according to Bank Negara Malaysia’s (BNM) latest detailed breakdown of reserves.
BNM said official reserve assets stood at USD125.53 billion, while other foreign currency assets amounted to USD266.1 million as at end-December 2025.
Of the official reserves, foreign currency reserves totalled USD110.52 billion, mainly comprising securities worth USD89.53 billion and currency and deposits of USD21.0 billion. Malaysia’s reserve position with the IMF amounted to USD1.29 billion, while holdings of Special Drawing Rights (SDRs) stood at USD5.97 billion. Gold reserves were valued at USD5.37 billion, equivalent to about 1.25 million fine troy ounces.
Other reserve assets, including financial derivatives and loans to non-bank non-residents, amounted to USD2.39 billion.
Looking ahead, BNM reported that pre-determined short-term net outflows of foreign currency loans, securities and deposits over the next 12 months are estimated at USD12.14 billion. These include scheduled repayments of the Government’s external borrowings and the maturity of foreign currency Bank Negara Interbank Bills.
Net short forward positions amounted to USD21.23 billion as at end-December 2025, reflecting Bank Negara’s ongoing management of ringgit liquidity in the domestic money market.
In line with longstanding practice adopted since April 2006, the central bank said the data excludes projected foreign currency inflows arising from interest income and drawdown of project loans. These projected inflows are estimated at USD2.97 billion over the next 12 months.
On contingent liabilities, BNM said the only potential short-term net drain on foreign currency assets is government guarantees on foreign currency debt maturing within one year, amounting to USD417 million. The central bank noted that there are no foreign currency loans with embedded options, no undrawn unconditional credit lines involving other central banks or international institutions, and no foreign currency options transactions vis-à-vis the ringgit.
“Overall, the detailed breakdown of international reserves under the IMF SDDS format indicates that Malaysia’s international reserves remain usable as at end-December 2025,” Bank Negara said.
