Malaysia's int'l reserves stand at 103.4 bln USD

Source: Xinhua | 2020-03-07

Malaysia's central bank said Friday that its international reserves stood at 103.4 billion U.S. dollars as of Feb. 28, 2020.

The reserves were 0.9 percent lower when compared with 104.3 billion U.S. dollars as of Feb. 14, 2020.

The Bank Negara said in a statement that the reserves position is sufficient to finance 7.4 months of retained imports and is 1.1 time total short-term external debt.

The international reserves consist of 96.7 billion U.S. dollars in foreign currency reserves, 1.1 billion U.S. dollars in International Monetary Fund Reserves Position, 1.2 billion U.S. dollars in Special Drawing Rights, 1.9 billion U.S. dollars in gold and 2.5 billion U.S. dollars in other reserves assets.