Bank Negara international reserves up at US$118bil

File pic - AZMAN GHANI/ The Star

KUALA LUMPUR: Bank Negara’s international reserves rose to US118bil as at Nov 15 compared with US$117.6bil as at Oct 30.

“The reserves position is sufficient to finance 4.6 months of imports of goods and services, and is 0.9 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$105bil, followed by International Monetary Fund reserves (US$1.3bil), special drawing rights (US$5.9bil), gold (US$3.3bil) and other reserve assets (US$2.5bil).