Malaysia's int'l reserves rise marginally to $103bn | 2019-07-23

Malaysia's int'l reserves rise marginally to $103bn

23 July, 2019 12:00 AM printer

KUALA LUMPUR: Malaysia's central bank Bank Negara Malaysia said on Monday that its international reserves stood at 103.3 billion U.S. dollars as of July 15.

The reserves were 0.6 percent higher compared with 102.7 billion U.S. dollars as of June 28, reports Xinhua.

The central bank said in a statement that the reserves position is sufficient to finance 7.3 months of retained imports and is 1.2 times total short-term external debt. The international reserves consisted of 97.1 billion U.S. dollars in foreign currency reserves, 1.1 billion U.S. dollars in International Monetary Fund Reserves Position, 1.1 billion U.S. dollars in Special Drawing Rights, 1.8b $ dollars.


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