Bank Negara international reserves rise 1.8% to US$119.7bil

KUALA LUMPUR: Bank Negara’s international reserves rose 1.8% to US$119.7bil as at Sept 30 from US$117.6bil as at Sept 13.

The central bank, in a statement, said the reserves level has taken into account the quarterly changes in foreign exchange revaluation.

“The reserves position is sufficient to finance 4.8 months of imports of goods and services, and is 0.9 times of the total short-term external debt,” Bank Negara said.

The main components of the reserves were foreign currency reserves at US$106.8bil, followed by International Monetary Fund reserves (US$1.3bil), special drawing rights (US$5.9bil), gold (US$3.3bil) and other reserve assets(US$2.4bil).