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.

The main components of the reserves were foreign currency reserves (US$104.5bil), the International Monetary Fund reserves position (US$1.2bil), special drawing rights (US$5.8bil), gold (US$3.8bil) and other reserve assets (US$2.2bil).

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