Bank Negara foreign reserves rise to US$109bil

File pic. — FAIHAN GHANI/The Star

KUALA LUMPUR: Bank Negara’s international reserves rose to US$109.3bil as at April 15 compared to US$108.6bil as at March 31.

“The reserves position is sufficient to finance 8.8 months of retained imports and is 1.2 times total short-term external debt,” the central bank said in a statement Thursday.

The central bank said the main components of the international reserves were foreign currency reserves (US$99.9bil), International Monetary Fund reserves position (US$1.4bil), Special Drawing Rights (SDRs) (US$1.2bil), gold (US$2.1bil), and other reserve assets (US$4.7bil).

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