Bank Negara Malaysia (BNM) reported a slight 1.1% decline in its international reserves, falling to US$ 108.9 billion as of October 13, 2023, compared to $110.1 billion on September 29. BNM stated that these reserves can cover 5.1 months of imports and are equal to the total short-term external debt.
Bank Negara Malaysia’s reserves declining slightly
Foreign currency reserves decreased to $96.5 billion from $98 billion in late September, while other reserve assets increased to $3 billion from $2.7 billion. The remaining components of the international reserves, including IMF reserve positions, Special Drawing Rights, and gold, remained unchanged. BNM’s total assets and capital and liabilities were detailed in the report.