# Why BNM's International Reserve Surged In November

> Bank Negara Malaysia's international reserves rose by USD4.5 billion, or 4.2%, to USD109.7 billion as of 30 November 2022. The gain was driven mainly by foreign currency reserves, which rose on a weaker US dollar and yuan appreciation. Reserves were sufficient to cover 5.3 months of imports.

- Date: 2022-12-08 · published 2022-12-08T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38500-why-bnm-s-international-reserve-surged-in-november
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Stronger reserves support ringgit confidence, which can ease the local currency cost of imported feed. The effect on commodity prices is small.

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2022/12/08/why-bnms-international-reserve-surged-in-november/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.