Bank Negara’s international reserves rise to US$102.6bil

  • Business
  • Saturday, 22 Jun 2019

KUALA LUMPUR: Bank Negara’s international reserves rose US$300mil to US$102.6bil as at June 14, 2019, from two weeks prior.

According to the central bank, the reserves position is sufficient to finance 7.2 months of retained imports and is 1.1 time total short-term external debt.

The main components of the international reserves were foreign currency reserves (US$96.3bil), International Monetary Fund reserves position (US$1.1bil), special drawing rights (US$1.1bil), gold (US$1.6bil) and other reserve assets (US$2.5bil).

The bank’s international reserves stood at US$102.3bil on May 31, 2019, and were sufficient to finance 7.3 months of retained imports.

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