BNM international reserves rise to US$104.3bil as at Feb 14

BNM international reserves rise to US$104.3bil as at Feb 14

The Star Online - Business·2020-02-21 15:25

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KUALA LUMPUR: The international reserves of Bank Negara amounted to US$104.3bil as at Feb 14, up US$100mil from US$104.2bil two weeks earlier. According to the central bank, the reserves position is sufficient to finance 7.4 months of retained imports and is 1.1 times total short-term external debt. The main components of the international reserves comprised foreign currency reserves at US$97.2bil, International Monetary Fund reserves position (US$1.1bil), Special Drawing Rights (SDRs) (US$1.2bil), gold (US$1.9bil), and other reserve assets (US$2.9bil).

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