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Bank Negara’s international reserves up slightly at US$95.7bil

The Star Online logo The Star Online 2 days ago
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KUALA LUMPUR: Bank Negara Malaysia’s international reserves rose marginally to US$95.7bil or RM423.2.6bil as at April 14, 2017 from US$95.4bil on March 31, 2017.

In a statement, the central bank said the reserves position was sufficient to finance 8.2 months of retained imports and was 1.1 times the short-term external debt.

Bank Negara said the reserves were made up of US$88.9bil in foreign currency reserves, US$0.8bil International Monetary Fund reserves position, US$1.1bil in holdings of Special Drawing Rights (SDRs), US$1.6bil in gold and US$3.3bil consisted of other assets.

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