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KUALA LUMPUR — Bank Negara Malaysia reported that Malaysia’s international reserves increased to US$127.9 billion as of Feb 13, up from US$126.9 billion on Jan 30.
The central bank stated that the reserves are sufficient to cover 4.7 months of imports of goods and services and are equivalent to 0.9 times the total short-term external debt.
The reserves are composed of several components, including foreign currency reserves of US$112 billion, International Monetary Fund (IMF) reserves of US$1.3 billion, special drawing rights of US$6 billion, gold valued at US$6.1 billion, and other reserve assets totaling US$2.5 billion.
-Thestar