Malaysia’s foreign reserves up marginally at $98b
KUALA LUMPUR: Malaysia's central bank Bank Negara said Wednesday that international reserves amounted to 433.3 billion ringgit (98 billion U.S. dollars) as of May 31.
The number was 0.72 percent higher compared with its last report of 97.3 billion dollars on May 15, reports Xinhua.
The international reserves consisted of 91.6 billion dollars in foreign currency reserves, 800 million dollars in International Monetary Fund (IMF) Reserves Position, 1.1 billion dollars in Special Drawing Rights (SDRs), 1.6 billion dollars in gold and 2.9 billion dollars in other reserves assets.
Its reserves position is sufficient to finance 8.1 months of retained imports and is 1.1 times the short-term external debt.
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