Bank Negara int'l reserves slipped to US$102b as at Nov 30

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KUALA LUMPUR (Dec 7): The international reserves of Bank Negara Malaysia (BNM) slipped 0.1% to US$102 billion as at Nov 30, 2018, from US$102.1 billion recorded as at Nov 15, 2018.

In a statement today, BNM said the reserves position is sufficient to finance 7.5 months of retained imports and is one times the short-term external debt.

Foreign currency, the biggest reserves portion, retreated to US$96.3 billion from US$96.4 billion previously, while the International Monetary Fund reserves position was unchanged at US$900 million.

Also unchanged were special drawing rights at US$1.1 billion, gold at US$1.5 billion and other reserve assets, which were at US$2.2 billion.

The bank’s total assets fell to RM445.903 billion from RM446.627 billion, while currency in circulation rose to RM103.717 billion from RM102.469 billion