Bank Negara’s international reserves at US$101.5b as of Nov 15

, Nov 22 — Bank Negara ’s () international reserves amounted to US$101.5 billion (RM429 billion) as at Nov 15, 2017 compared with US$101.5 billion (RM428.9 billion) registered as at Oct 31, 2017 and US$101.4 billion (RM428.7 billion) as at Oct 13, 2017.

“The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt,” said the in a statement today.

The main components of the international reserves were foreign currency reserves (US$95.0 billion), International Monetary Fund reserves position (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.2 billion), (US$1.5 billion) and other reserve assets (US$3.0 billion).

The assets included gold and foreign exchange and other reserves, including SDRs (RM428.982 billion), Malaysian government papers (RM4.001 billion), deposits with financial institutions (RM6.956 billion), loans and advances (RM7.712 billion), land and buildings (RM2.113 billion) and other assets (RM7.464 billion). — Bernama

Source: The Malay Mail Online

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