KUALA LUMPUR, Aug 7 — Bank Negara Malaysia’s (BNM) international reserves rose to US$121.3 billion (RM513.4 billion) as of July 31.
Malaysia’s official reserve assets totalled US$120.61 billion as of the end of June.
In a statement today, the central bank said the reserves are sufficient to finance 4.8 months of imports of goods and services.
BNM also said the reserve position is adequate to meet 0.9 times the total short-term external debt.
According to BNM, its total assets amounted to RM603.2 billion, with gold and foreign exchange reserves, including Special Drawing Rights (SDR), accounting for RM512.8 billion.
A breakdown of the international reserves showed that foreign currency reserves made up the largest portion at US$107.7 billion, followed by SDR (US$5.9 billion), gold (US$4.1 billion), the IMF reserve position (US$1.3 billion), and other reserve assets (US$2.3 billion).
