Bank Negara Malaysia reported that its international reserves stood at USD131.8 billion as of 15 July 2026. The reserves position was sufficient to finance 4.7 months of imports of goods and services and was equal to 0.9 times total short-term external debt. Under the previous import coverage measure, the reserves level would have covered 5.6 months of retained imports of goods. The short-term external debt ratio uses reserves data as of 15 July 2026 and short-term external debt data as of the first quarter of 2026, with the debt valued using the exchange rate for that quarter. The debt measure covers borrowing from non-residents with maturity of one year or less, accounted for mainly by resident banks’ foreign currency liquidity operations and by multinational corporations, including foreign banks, borrowing from overseas parents or headquarters. Bank Negara Malaysia said these obligations can be met in the normal course of operations from external asset holdings and do not pose claims on the central bank’s international reserves.