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BNM International Reserves - 9 April 2025

Down 0.8% in March as falling FX reserves offsets record gold holdings

Bank Negara Malaysia (BNM) international reserves dipped by USD0.8b or -0.6% MoM to USD117.5b as of 28 March 2025

  • The decline trimmed import coverage to 4.9 months (Feb: 5.0), while short-term external debt coverage held at 0.9 time—below the IMF’s recommended threshold.

A sharper FX reserves drop partially cushioned by record-high gold holdings

  • Foreign currency reserves fell USD1.4b (-1.3% MoM) to USD104.5b—largest drop in three months, driven partly by continued equity outflows.