Bank Negara forex reserves higher at US$109bil

Bank Negara said the reserves position is sufficient to finance 8.6 months of retained imports and 1.2 times total short-term external debt.

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves increased by US$400mil to US$109bil as at Feb 26,2021 compared to US$108.6bil as at Jan 29.

In a statement on Friday, Bank Negara said the reserves position is sufficient to finance 8.6 months of retained imports and 1.2 times total short-term external debt.