Bank Negara international reserves fall to US$116.2bil

KUALA LUMPUR: Bank Negara's international reserves fell to US$116.2bil as of Dec 31, 2024, compared with US$118.1bil as of Dec 13.

“The reserves position is sufficient to finance 5.0 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 (US$103.7bil), the International Monetary Fund reserves position (US$1.2bil), special drawing rights (US$5.7bil), gold (US$3.3bil) and other reserve assets (US$2.3bil).