Malaysia's foreign reserves hit a 16-month high of $115.9 billion on August 15 and it further increased to $116.8 billion by August 30.
The current reserve position is the highest since April 2023.
Based on BNM's statement, the reserve position is sufficient to finance 5.4 months of imported goods and services and is 1 times the amount of short-term foreign debt.
Foreign currency reserves increased to $104.5 billion from $103.7 billion on August 15 and other reserve assets increased to $2.4 billion from $2.3 billion.
The remaining reserve components remained the same, namely International Monetary Fund reserves at US$1.3 billion, special drawing rights or SDRs at US$5.7 billion and gold at US$2.9 billion.
The total assets of the central bank amounted to RM637.84 billion on 30 August while the currency in circulation amounted to approximately RM165.7 billion.
