Near 11-Year high in October; ringgit resilience seen into year end
Bank Negara Malaysia (BNM) international reserves rose by USD0.2b (+0.2% MoM) to USD123.8b as of 31 October 2025, the highest level in nearly 11 years
- The marginal increase kept both import coverage and the reserves-to-short-term external debt ratio unchanged at 4.8 months and 0.9 time respectively.
Other reserves assets led the uptick
- Other reserves assets increased by USD0.1b (+4.3% MoM) to a nine month high of USD2.4b.
- Gold and foreign currency reserves were broadly stable at USD4.8b and USD109.3b respectively. Net FX reserves slipped slightly to USD73.0b in September (Aug: USD73.3b) due to larger predetermined short-term net drains.
- Special drawing rights and IMF reserve position also remained broadly unchanged.
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