Bank Negara reserves up to US$123.8bil at end-October

KUALA LUMPUR: Bank Negara’s international reserves stood at US$123.8bil as of Oct 31, up from US$123.4bil two weeks earlier.

“The reserves position is sufficient to finance 4.8 months of imports of goods and services, and is 0.9 times the total short-term external debt,” the central bank said in a statement.