BNM international reserves higher at US$102.2b


The proposed policy, it said, set out the legal obligations, requirements and standards that digital currency exchangers, which will be defined under the First Schedule of the AMLA, must carry out as reporting institutions.

KUALA LUMPUR: Bank Negara international reserves rose to US$102.2bil as at Dec 15, 2017, from US$101.9bil on Nov 30, 2017.

The central bank said on Friday its reserves, in ringgit terms, rose to RM431.6bil from RM430.4bil as at end-November.

It said the reserves position was sufficient to finance 7.5 months of retained imports and was 1.1 times the short-term external debt.

The main components of the international reserves were foreign currency reserves (US$95.7bil), International Monetary Fund reserves position (US$800mil), Special Drawing Rights (US$1.2bil), gold (US$1.5bil) and other reserve assets (US$3bil).

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