Bank Negara international reserves up at US$117.6bil

KUALA LUMPUR: Bank Negara’s international reserves rose to US$117.6bil as at Sept 13 compared with US$116.8bil as at Aug 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 reserves were foreign currency reserves, which stood at US$105.4bil, followed by International Monetary Fund reserves (US$1.2bil), special drawing rights (US$5.7bil), gold (US$2.9bil) and other reserve assets (US$2.4bil).