Bank Negara reserves hit 11-year high on forex and gold gains

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KUALA LUMPUR, March 9, 2026 (The Capital Post) — Bank Negara Malaysia’s international reserves climbed to US$128.3 billion as of Feb 27, reaching their highest level in more than 11 years amid gains in foreign exchange and gold holdings.

According to analysts at Kenanga Investment Bank, the reserves increased by US$1.4 billion, or 1.1% month-on-month, marking the strongest level since August 2014.

The rise was largely driven by stronger foreign currency assets and higher gold valuations, which boosted the central bank’s reserve position.

Bank Negara said the reserves are sufficient to finance about 4.7 months of imports of goods and services and are equivalent to 0.9 times Malaysia’s short-term external debt.

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International reserves serve as an important buffer for the country, helping the central bank manage currency stability, meet external payment obligations and cushion the economy against global financial volatility.

The latest increase reflects continued resilience in Malaysia’s external position and financial markets amid shifting global economic conditions.— The Capital Post