Bank Negara's international reserves rise to US$112.8bil

KUALA LUMPUR: Bank Negara’s international reserves rose to US$112.8bil as at May 31 from US$111.4bil as at May 13.

“The reserves position is sufficient to finance 5.7 months of imports of goods and services, and is 1.1 times total short-term external debt,” the central bank said in a statement.

Bank Negara said the main components of the international reserves were foreign currency reserves (US$100.3bil), IMF reserves position (US$1.4bil), special drawing rights (US$6bil), gold (US$2.4bil), and other reserve assets (US$2.7bil).