Bank Negara’s international reserves at US$94.9bil


KUALA LUMPUR: Bank Negara Malaysia’s international reserves stood at US$94.9bil or RM425.6bil as at March 15, 2017.

The central bank said on Wednesday the reserves position was sufficient to finance 8.3 months of retained imports and was 1.1 times the short-term external debt.

Bank Negara said the reserves were made up of US$88.3bil in foreign currency reserves, US$0.8bil International Monetary Fund reserves position, US$1.1bil in holdings of Special Drawing Rights (SDRs), US$1.4bil in gold and US$3.3bil consisted of other assets.

The international reserves were marginally lower when compared with the US$95bil or US$426.3bil as at Feb 28. The reserves position then was enough to finance 8.5 months of retained imports and was 1.1 times the short-term external debt.

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