Continued Inflow Of Funds Pushes Forex Reserves Higher

Economic Research	10 July 2017
Malaysia
Economic Update
Continued Inflow Of Funds Pushes Forex Reserves Higher Malaysia’s forex reserves rose by USD0.9bn to USD98.9bn as at 30 Jun. This is mirrored by the foreign inflow of funds into the equity markets during the month. In MYR terms, however, the country’s forex reserves dropped by MYR8.5bn to MYR424.8bn over the same period, after adjusting for exchange rate translation losses. Forex reserves remain adequate by international standards. At the current level, Malaysia’s forex reserves are sufficient to finance 7.9 months of retained imports and cover 1.1x the short-term external debt of the nation. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Aris Nazman Maslan  | +603 9280 2184