Bank Negara international reserves rise to US$114.7bil
KUALA LUMPUR: Bank Negara’s international reserve rose to US$114.7bil as at July 31 compared with US$113.3bil as at July 15.
“The reserves position is sufficient to finance 5.5 months of imports of goods and services, and is 1.0 times of the total short-term external debt,” the central bank said in a statement.
The main components of the reserves were foreign currency reserves, which stood at US$101bil, followed by International Monetary Fund reserves (US$1.3bil), special drawing rights (US$5.7bil), gold (US$2.9bil) and other reserve assets (US$2.4bil).
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