Bank Negara’s reserves higher at US$112.3bil

The reserves position is sufficient to finance 5.4 months of imports of goods and services, Bank Negara said.

PETALING JAYA: Bank Negara’s international reserves rose to US$112.3bil as at Nov 30 compared with US$110.5bil as at Nov 15.

“The reserves position is sufficient to finance 5.4 months of imports of goods and services and is 1.0 times the total short-term external debt,” the central bank said in a statement.

The main components of the reserves are foreign currency reserves (US$100.2bil), International Monetary Fund reserves position (US$1.3bil), special drawing rights (US$5.7bil), gold (US$2.3bil) and other assets (US$2.8bil).