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.

The main components of the reserves were foreign currency reserves at US$109.3bil, the International Monetary Fund reserve position at US$1.3bil, special drawing rights (SDRs) at US$6bil, gold at US$4.8bil and other reserve assets at US$2.4bil.

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