Bank Negara’s international reserves rise to US$118.3bil

KUALA LUMPUR: Bank Negara’s international reserves amounted to US$118.3bil as of Feb 28, up from US$117.7bil as of Feb 14.

“The reserves position is sufficient to finance 5.0 months of imports of goods and services, and is 0.9 times of the total short-term external debt,” the central bank said in a statement.