Rose marginally by USD0.8b in May amid substantial foreign capital inflows
After three consecutive months of decline, Bank Negara Malaysia (BNM) international reserves grew by USD0.8b or 0.7% MoM, to RM113.6b as of 31 May 2024
- It is sufficient to finance 5.4 months of imports of goods and services (previously retained imports: 6.7 months) and is 1.0 time total short-term external debt.
The rebound was primarily attributed to an increase in foreign currency reserves
- Foreign currency reserves (USD0.9b or 0.9% MoM to USD101.5b): increased for the first time in four months, mainly driven by substantial inflows (RM7.0b) from the capital market, and potentially higher repatriation of export earnings.
Download Full Content:
