Najib: Malaysia's languishing reserves means we can't pay back short-term loans

PETALING JAYA: Former prime minister Datuk Seri Najib Tun Razak is concerned over the country's international reserves, saying there are insufficient funds to service short-term foreign loans.

He said Malaysia's current international reserves, which Bank Negara announced at US$101.7bil (RM424.6bil) on Wednesday (Nov 7), was not enough to finance 7.5 months of delayed imports and 0.9 times the short-term foreign debts.