Bank Negara Malaysia published its latest international reserves update, reporting reserves of USD118.0 billion as at 14 March 2025. The reserves were stated as sufficient to finance 5.0 months of imports of goods and services and equivalent to 0.9 times total short-term external debt. The import cover figure is presented under Bank Negara Malaysia’s expanded indicator for imports of goods and services, compared with 5.8 months under the previous retained imports of goods measure. The short-term external debt ratio combines reserves as at 14 March 2025 with short-term external debt data as at 4Q 2024, valued using the 4Q 2024 exchange rate; short-term external debt is defined as non-resident borrowing with maturity of one year or less and is described as mostly linked to resident banks’ foreign currency liquidity operations and multinational corporations’ borrowing from overseas parent entities, which can be met from their external asset holdings and do not pose claims on the central bank’s reserves.
Bank Negara Malaysia 2025-03-24
Bank Negara Malaysia reports USD118.0 billion in international reserves covering 5.0 months of imports
Bank Negara Malaysia reported international reserves of USD118.0 billion as of 14 March 2025, sufficient to cover 5.0 months of imports of goods and services and 0.9 times total short-term external debt. The import cover is based on an expanded indicator, while the short-term debt ratio includes data from 4Q 2024, primarily linked to resident banks and multinational corporations.