RHB | Malaysia | Foreign Exchange Reserves Rose To USD128.1bn As At 31 October, 10 Nov 2014

Economic Research	10 November 2014
Malaysia
Economic Highlights
Foreign Exchange Reserves Rose To USD128.1bn As At 31 October The foreign exchange reserves rose by USD0.8bn in October to USD128.1bn as at 31 October, after falling by USD4.7bn in September (see Figure 1). This was reflected in repatriation of export proceeds but was offset partially by the payment of import bills and outflow of foreign short-term capital. In ringgit terms, the foreign exchange reserves increased by MYR2.8bn in October to MYR419.7bn as at 31 October, after dropping by MYR7.3bn in September. At the current level, the foreign exchange reserves are sufficient to finance 8.8 months of retained imports and cover 1.2 times the short-term external debt of the nation, compared with 9.7 months of retained imports in the same period a year ago. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Shafizal Shafaai  | +603 9280 2179