Bank Negara international reserve up at US$113.3bil

Bank Negara's logo at Sasana Kijang. -AZMAN GHANI/The Star

KUALA LUMPUR: Bank Negara’s international reserves rose to US$113.3bil as at May 15 compared with US$112.8bil as at April 30.

“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$101.1bil), International Monetary Fund reserves position (US$1.4bil), special drawing rights (US$5.7bil), gold (US$2.8bil) and other reserve assets (US$2.3bil).