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The Financial Express

Malaysia's international reserves stand at $104.2 billion

| Updated: February 29, 2020 12:01:18


Evaly and Fianancial Express Evaly and Fianancial Express
File photo (Collected) File photo (Collected)

Malaysia's central bank has said that its international reserves stood at 104.2 billion US dollars as of Jan. 31, 2020.

Bank Negara, the central bank of the country, on Friday said in a statement that the reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times total short-term external debt, reports Xinhua.

The international reserves consist of $97.7 billion in foreign currency reserves, $1.1 billion in International Monetary Fund Reserves Position, $1.1 billion in Special Drawing Rights, $1.9 billion in gold and $2.4 billion in other reserves assets.

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