Another month of robust foreign capital inflows boost August holdings by USD2.1b
Bank Negara Malaysia (BNM) international reserves increased by USD2.1b or 1.9% MoM, reaching USD116.8b as of 30 August 2024—the highest level since December 2021
- Despite this increase from July, reserve adequacy in terms of import coverage dipped to 5.4 months (July: 5.5 months), likely due to a surge in imports. Additionally, the reserves remain just sufficient to cover 1.0 time the total short-term external debt, barely meeting the IMF’s minimum recommended adequacy level.
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