Malaysia's foreign reserves rise marginally to 103.7 bln USD

BY  | FROM  | 2018-02-06 19:54

Malaysia's central bank, Bank Negara, said Tuesday that its international reserves increased to 103.7 billion U.S. dollars as of Jan. 30, from the amount of 103 billion U.S. dollars registered on Jan. 15.

The bank said in a statement, its reserves position is sufficient to finance 7.2 months of retained imports and is 1.1 times the short-term external debt.

The international reserves consisted of 97.1 billion U.S. dollars in foreign currency reserves, 800 million U.S. dollars in International Monetary Fund Reserves Position, 1.2 billion U.S. dollars in Special Drawing Rights, 1.5 billion U.S. dollars in gold and 3.1 billion U.S. dollars in other reserves assets.

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