KUALA LUMPUR (Sept 6): Malaysia's foreign reserves, which touched its highest level in 16 months at US$115.9 billion on Aug 15, continued to rise to US$116.8 billion by Aug 30, according to the latest figures from the central bank.

The current reserves position is the highest since April 2023.

"The reserves position is sufficient to finance 5.4 months of imports of goods and services, and is 1 times of the total short-term external debt," Bank Negara Malaysia said in a statement on Friday.

Among the reserves components, foreign currency reserves rose to US$104.5 billion from US$103.7 billion on Aug 15, while other reserve assets rose to US$2.4 billion from US$2.3 billion.

The remaining reserve components stayed the same, namely International Monetary Fund reserves at US$1.3 billion, special drawing rights or SDRs at US$5.7 billion, and gold at US$2.9 billion.

The central bank's total assets stood at RM637.84 billion as at Aug 30, while currency in circulation stood at about RM165.7 billion.

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