International reserves higher

  • Business
  • Saturday, 06 Jul 2019

KUALA LUMPUR: Bank Negara’s international reserves rose US$100mil to US$102.7bil as at June 28 from two weeks prior.

According to the central bank, the reserves position is sufficient to finance 7.3 months of retained imports and is 1.2 times the total short-term external debt.

The main components of the international reserves were foreign currency reserves (US$96.6bil), International Monetary Fund reserves position (US$1.1bil), special drawing rights (US$1.1bil), gold (US$1.8bil) and other reserve assets (US$2.1bil).

The bank’s international reserves stood at US$102.6bil on June 14 and was sufficient to finance 7.2 months of retained imports and was 1.1 time total short-term external debt.

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