Bank Negara’s international reserves up at US$115.6bil as at March 31

KUALA LUMPUR: Bank Negara’s international reserve inched up to US$115.6bil as at March 31, from US$115.2bil as at March 15.

The reserves level has taken into account the quarterly foreign exchange revaluation changes.

“The reserves position is sufficient to finance 6.1 months of imports of goods and services, and is 1.2 times total short-term external debt,” the central bank said in a statement.

The main components of the international reserves were foreign currency reserves (US$103.1bil), International Monetary Fund reserves position (US$1.4bil), special drawing rights or SDRs (US$6bil), gold (US$2.4bil), and other reserve assets (US$2.7bil).