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Malaysia int'l reserves rise marginally to $103.9 billion

Xinhua | Published: August 07, 2019 15:41:55 | Updated: August 11, 2019 19:54:05


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Malaysia's central bank Bank Negara Malaysia has said that its international reserves stood at 103.9 billion US dollars as of July 31.

The reserves were 0.6 per cent higher compared with $103.3 billion as of July 15.

The central bank said in a statement on Wednesday that the reserves position is sufficient to finance 7.6 months of retained imports and is 1.2 times total short-term external debt.

The international reserves consisted of $97.7 billion in foreign currency reserves, $1.2 billion in International Monetary Fund Reserves Position, $1.1 billion in Special Drawing Rights, $1.8 billion in gold and $2.1 billion in other reserves assets.

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