Bank Negara international reserves down to US$111.4bil

KUALA LUMPUR: Bank Negara’s international reserves amounted to US$111.4bil as at May 13, down from US$112.5bil as at April 29.

“The reserves position is sufficient to finance 5.6 months of imports of goods and services, and is 1.1 times of the total short-term external debt,” the central bank said in a statement.