Bank Negara international reserves fall to US$113.4bil

KUALA LUMPUR: The international reserves of Bank Negara amounted to US$113.4bil as at March 15, down from US$114.3bil as at Feb 29.

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

The main components of the international reserves are foreign currency reserves (US$100.8bil), International Monetary Fund reserves position (US$1.4bil), special drawing rights (US$5.8bil), gold (US$2.6bil) and other reserve assets (US$2.8bil).