The international reserves of Bank Negara Malaysia amounted to USD109.2 billion as at 29 July 2022. The reserves position is sufficient to finance 5.8 months of imports of goods and services^[1], and is 1.1 times of the total short-term external debt.

^[1] Under the previous import coverage measure, reserves is sufficient to finance 6.5 months of retained imports of goods. For more information on the new indicator, please refer to the article on “Expansion of the Measure on Reserve Coverage of Imports – from Retained Imports to Imports of Goods and Services” in BNM’s Quarterly Bulletin for the Fourth Quarter of 2021 publication, page 27, which can be accessed at 4Q QB 2021.