Bank Negara’s reserves drop to US$117.5bil as of March 28

KUALA LUMPUR: Bank Negara’s international reserves amounted to US$117.5bil as at March 28, down from US$118bil as at March 14.

“The reserves position is sufficient to finance 4.9 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.