Bank Negara’s international reserves climb to US$122bil
KUALA LUMPUR: Bank Negara’s international reserves rose to US$122bil as at Aug 15, up from US$121.3bil as at July 31.
“The reserves position is sufficient to finance 4.8 months of imports of goods and services, and is 0.9 times the total short-term external debt,” Bank Negara said in a statement.
The main components of the reserves were foreign currency reserves (US$108.4bil), the International Monetary Fund’s reserve position (US$1.3bil), special drawing rights (US$5.9bil), gold (US$4.1bil) and other reserve assets (US$2.3bil).
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