KUALA LUMPUR (Aug 7): Malaysia’s international reserves on July 31 surged by US$1.4 billion, the largest increase in eight months, from a fortnight earlier, the central bank said on Wednesday.

The latest foreign exchange reserves totalled US$114.7 billion, compared with US$113.3 billion as of July 15, Bank Negara Malaysia (BNM) said in a statement. The rise would the largest since the last two weeks of November 2023.

The position is sufficient to finance 5.5 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.