The international reserves of Bank Negara Malaysia amounted to USD115.6 billion as at 31 March 2022. The reserves level has taken into account the quarterly foreign exchange revaluation changes. The reserves position is sufficient to finance 6.1 months of imports of goods and services[1], and is 1.2 times total short-term external debt.

[1] Under the previous import coverage measure, reserves is sufficient to finance 7.4 months of retained imports of goods (15 March 2022: 7.3 months). 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 bnm.gov.my/documents/20124/6118085/qb2021q4_en_box_imports.pdf