By Yantoultra Ngui

KUALA LUMPUR, Malaysia--Malaysia's international reserves totaled $94.6 billion as of Dec. 30, down 1.9% from $96.4 billion two weeks earlier, the central bank said Friday.

The reserves are sufficient to finance 8.8 months of retained imports, and are 1.3 times the country's short-term external debt, Bank Negara Malaysia said in a statement.

The bank said the latest data takes into account adjustments for foreign-exchange revaluation changes.

It said Malaysia's reserves remain ample to facilitate international transactions, adding that the level was supported by the current-account surplus and foreign-direct-investment inflows.

"These were, however, offset by direct investment abroad by Malaysian companies and some reversals of non-resident portfolio investments," Bank Negara Malaysia said.

Malaysia's currency has weakened more than 6% against the U.S. dollar since Donald Trump's U.S. election victory in November. The ringgit has been among the worst-hit currencies since Mr. Trump's presidential win.

In November, Bank Negara Malaysia entered markets to defend the ringgit after the local currency weakened.

Write to Yantoultra Ngui at

(END) Dow Jones Newswires

January 06, 2017 02:36 ET (07:36 GMT)

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