CEO Morning Brief

Malaysia's International Reserves Up 0.5% to US$115.4 Bil as of Feb 15 — BNM

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Publish date: Fri, 23 Feb 2024, 05:18 PM
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TheEdge CEO Morning Brief

KUALA LUMPUR (Feb 22): Malaysia’s international reserves rose 0.5% as of Feb 15 from a fortnight earlier, the central bank said on Thursday.

Latest foreign exchange reserves totalled US$115.4 billion (RM552.5 billion) compared with US$114.8 billion as of Jan 31, Bank Negara Malaysia (BNM) said in a statement.

The position is sufficient to finance five-and-a-half months of imports of goods and services, and is one time the total short-term external debt, it added.

Bank Negara Malaysia releases data on foreign exchange reserves every two weeks.

Source: TheEdge - 23 Feb 2024

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