BNM global reserves at us$103.5b
Published on: Saturday, September 21, 2019
By: Bernama
Kuala Lumpur: Bank Negara Malaysia’s (BNM) international reserves stood at US$103.5 billion (US$1=RM4.181) as at Sept 13, 2019, retaining the same amount as at Aug 30, 2019.In a statement on Friday, the central bank said the reserves position is sufficient to finance 7.6 months of retained imports and is 1.1 time total short-term external debt.
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BNM said the main components of the international reserves comprised foreign currency reserves at US$96.7 billion, International Monetary Fund reserves position (US$1.1 billion), Special Drawing Rights (SDRs) (US$1.1 billion), gold (US$1.8 billion), and other reserve assets (US$2.8 billion).Stay up-to-date by following Daily Express’s Telegram channel.
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