BNM reserves hit USD119.6b

KUCHING: Malaysia’s international reserves held by the Central Bank of Malaysia (BNM) stood at USD119.6 billion (USD1=RM4.30) as of Oct 15, 2024 compared to US$119.7 billion on Sept 30, 2024.
In a statement, the bank said that this figure was calculated based on its assets and liabilities, which totaled USD596.87 billion each at the close of business on that day.
These reserves were ample to cover 4.8 months of Malaysia’s imports of goods and services and equate to 0.9 times the country’s total short-term external debt.