Malaysian foreign reserves stand at $102.8bn | 2018-10-23 |

Malaysian foreign reserves stand at $102.8bn

    23 October, 2018 12:00 AM printer

KUALA LUMPUR: The Malaysian central bank said Monday that its international reserves stood at 102.8 billion U.S. dollars as of Oct. 15, after taking into account valuation changes.

Bank Negara Malaysia said in a statement that the reserves position is sufficient to finance 7.3 months of retained imports and is 0.9 times the short-term external debt, reports Xinhua.

The international reserves consisted of 97 billion U.S. dollars in foreign currency reserves, 900 million U.S. dollars in International Monetary Fund Reserves Position, 1.1 billion U.S. dollars in Special Drawing Rights, 1.5 billion U.S. dollars in gold and 2.3 billion U.S. dollars in other reserves assets.