Bank Negara’s international reserves down to US$114.4bil

KUALA LUMPUR: Bank Negara’s international reserves amounted to US$114.4bil as at April 28, down from US$115.9bil as at April 14.

“The reserves position is sufficient to finance 5.1 months of imports of goods and services, and is 1.0 time of the total short-term external debt,” Bank Negara said in a statement.

Bank Negara said the main components of the international reserves were foreign currency reserves (US$101.9bil), International Monetary Fund reserves position (US$1.4bil), Special Drawing Rights (SDRs) (US$5.8bil), gold (US$2.5bil) and other reserve assets (US$2.98bil). – The Star