Bank Negara’s international reserves down to US$112.7bil

KUALA LUMPUR: Bank Negara’s international reserves amounted to US$112.7bil as at May 31, down from US$114.7bil as at May 15.

“The reserves position is sufficient to finance 4.8 months of imports of goods and services, and is 1.0 time of the 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), International Monetary Fund reserves position (US$1.4bil), Special Drawing Rights (SDRs) (US$5.8bil), gold (US$2.5bil) and other reserve assets (US$2.7bil).