Bank Negara’s international reserves higher at US$112.3bil

KUALA LUMPUR: Bank Negara’s international reserves rose to US$112.3bil as at Nov 30 compared with US$110.5bil as at Nov 15.

“The reserves position is sufficient to finance 5.4 months of imports of goods and services, and is 1.0 time the total short-term external debt,” the central bank said in a statement.

The main components of the international reserves are foreign currency reserves (US$100.2bil), International Monetary Fund reserves position (US$1.3bil), special drawing rights (US$5.7bil), gold (US$2.3bil) and other reserve assets (US$2.8bil).