Bank Negara Malaysia published its latest update on Malaysia’s international reserves, reporting a level of USD123.8 billion as at 31 October 2025. The reserves position was stated to be sufficient to finance 4.8 months of imports of goods and services and to cover 0.9 times total short-term external debt. The short-term external debt ratio uses reserves data as at 31 October 2025 and short-term external debt data as at 2Q 2025, valued using the exchange rate as at 2Q 2025; the central bank also noted that such debt is mostly accounted for by resident banks’ foreign currency liquidity operations and multinational companies’ borrowing from overseas parents and does not pose claims on Bank Negara Malaysia’s international reserves.