Bank Negara international reserves rise to US$114.7bil

File pic - AZMAN GHANI/ The Star

KUALA LUMPUR: Bank Negara’s international reserve rose to US$114.7bil as at July 31 compared with US$113.3bil as at July 15.

“The reserves position is sufficient to finance 5.5 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 reserves were foreign currency reserves, which stood at US$102.4bil, followed by International Monetary Fund reserves (US$1.3bil), special drawing rights (US$5.7bil), gold (US$2.9bil) and other reserve assets (US$2.4bil).