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.