Friday 29 Mar 2024
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KUALA LUMPUR (Oct 20): Bank Negara Malaysia says its international reserves grew 0.2% to US$101.4 billion as at Oct 13 from US$101.2 billion as at Sept 29.

In ringgit terms, the central bank said it is equivalent to RM428.7 billion, as opposed to RM427.7 billion two weeks ago.

"The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt," Bank Negara said in a statement today.

Foreign currency reserves comprised the biggest portion of reserves at US$94.7 billion, while IMF reserves position was at US$800 million.

Special drawing rights (SDRs) were at US$1.2 billion, gold was at US$1.5 billion, while other reserve assets came in at US$3.2 billion.

Total assets as at Oct 13 stood at RM454.38 billion, according to Bank Negara's data, as opposed to RM457.50 billion as at Sept 29.

Currency in circulation amounted to RM101.99 billion.

 

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