BNM’s International Reserves Rise to US$104.4 Billion

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$104.4 billion as of Aug 28, slightly higher compared with US$104.3 billion recorded on Aug 14.

“The reserves position is sufficient to finance 8.6 months of retained imports and is 1.1 times total short-term external debt,” it said in a statement today.

BNM said the main components of the international reserves were foreign currency reserves (US$97.3 billion), International Monetary Fund reserves position (US$1.3 billion), special drawing rights (SDRs) (US$1.1 billion), gold (US$2.2 billion) and other reserve assets (US$2.5 billion). Read more…..


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