KUALA LUMPUR (Aug 22): Malaysia’s international reserves continued to build up and expanded to the largest level in 16 months by mid-August, the central bank said on Thursday.

The foreign exchange reserves totalled US$115.9 billion as of August 15 compared with US$114.7 billion as of July 31, Bank Negara Malaysia (BNM) said in a statement. The latest level would be the country’s highest since April 2023.

The position is sufficient to finance 5.4 months of imports of goods and services, and is one time the total short-term external debt, it added.

BNM releases data on foreign exchange reserves every two weeks.