Foreign reserves at US$108.6bil


“The reserves position is sufficient to finance 8.8 months of retained imports and is 1.2 times total short-term external debt, ” Bank Negara said.

KUALA LUMPUR: Bank Negara’s international reserves slipped marginally to US$108.6bil (RM448.25bil) as at March 31 from US$109.2bil as at March 15.

In a statement, the central bank said the reserves level had taken into account the quarterly foreign exchange revaluation changes.

“The reserves position is sufficient to finance 8.8 months of retained imports and is 1.2 times total short-term external debt, ” Bank Negara said.

Foreign currency reserves stood at US$100.9bil, while the International Monetary Fund reserves at US$1.4bil.

Meanwhile, Special Drawing Rights and gold stood at US$1.2bil and US$2.1bil, respectively.

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