Bank Negara Malaysia reported that its international reserves stood at USD132.6 billion as of 30 June 2026, after taking into account quarterly foreign exchange revaluation changes. The reserves level is sufficient to finance 4.7 months of imports of goods and services and equals 0.9 times total short-term external debt. Under the previous import coverage measure, the same reserves level would cover 5.9 months of retained imports of goods. The short-term external debt comparison uses reserve data as of 30 June 2026 and debt data as of the first quarter of 2026, with the debt valued at the first-quarter 2026 exchange rate. Bank Negara Malaysia noted that this debt mainly reflects resident banks' foreign currency liquidity operations and multinational corporations, including foreign banks, borrowing from overseas parents or headquarters, and that these obligations can be met in the normal course of operations from external asset holdings rather than creating claims on the central bank's reserves.