Malaysia's foreign exchange reserves increased to $115.9bn on 22 August 2024, signifying improved financial stability and economic growth.
Malaysia's foreign exchange reserves reached $115.9 billion on August 22, 2024, an increase from $114.7 billion, indicating stronger financial stability, improved trade balances, and a stabilizing ringgit. With foreign investors returning to Malaysia, the nation's economy expanded at its fastest pace in 18 months in Q2, and its stock market is on track for its strongest yearly performance in over a decade. Foreigners now own 20% of outstanding Malaysian bonds, and the ringgit has reached an 18-month high against the dollar. These factors have positioned Malaysia to outperform its Southeast Asian peers amidst global economic volatility.
August 22, 2024
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