The international reserves of Bank Negara Malaysia amounted to USD114.6 billion as at 30 December 2022. The reserves level has taken into account the quarterly foreign exchange revaluation changes. The reserves position is sufficient to finance 5.2 months of imports of goods and services^[1], and is 1.0 time of the total short-term external debt.

[1] Under the previous import coverage measure, reserves are sufficient to finance 6.2 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 Quarterly Bulletin 4Q 2021.