Bank Negara foreign reserves rise to US$105.7bil


KUALA LUMPUR: Bank Negara's international reserves rose US$400mil to US$105.7bil over the two weeks to Dec 15, 2020.

It said in a statement that its reserves position is sufficient ot finance 8.8 months of retained imports and is 1.2 times total short-term external debt.

The main components of the international reserves comprised foreign currency reserves at US$96.7bil, International Monetary Fund reserves position (US$1.4bil), Special Drawing Rights (SDRs) (US$1.1bil), gold (US$2.4bil) and other reserve assets (US$4.1bil).
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