Bank Negara’s international reserves up slightly at US$98.7bil

Bank Negara says going forward, the over all growth momentum is expected to be sustained.

KUALA LUMPUR: Bank Negara Malaysia’s international reserves rose marginally to US$98.7bil or RM436.1bil as at June 15, 2017 from US$98bil two weeks ago.

“The reserves position is sufficient to finance 8.2 months of retained imports and is 1.1 times the short-term external debt,” the central bank said in a statement. 

Bank Negara said the reserves were made up of US$92.3bil in foreign currency reserves, US$0.8bil International Monetary Fund reserves position, US$1.1bil in holdings of Special Drawing Rights (SDRs), US$1.5bil in gold and US$3bil consisted of other assets.