Bank Negara’s international reserves down to US$111.4bil

KUALA LUMPUR: Bank Negara’s international reserves amounted to US$111.4bil as at June 30, down from US$113bil as at June 15.

“The reserves position is sufficient to finance 5.0 months of imports of goods and services, and is 1.0 time the total short-term external debt,” Bank Negara said in a statement.

The central bank said the main components of the international reserves were foreign currency reserves (US$99.2bil), International Monetary Fund reserves position (US$1.4bil), Special Drawing Rights (US$5.7bil), gold (US$2.4bil) and other reserve assets (US$2.7bil).

– The Star