Bank Negara's international reserves rise to US$112.8bil

KUALA LUMPUR: Bank Negara’s international reserve climbed to US$112.8bil as at Dec 15, marking an increase from US$112.3bil as at Nov 30.

“The reserves position is sufficient to finance 5.5 months of imports of goods and services, and is 1.0 times of the total short-term external debt,” the central bank said in a statement.

The main components of the international reserves were foreign currency reserves (US$100.7bil), 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).