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This article first appeared in The Edge Financial Daily on November 23, 2017

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves stood at US$101.5 billion as at Nov 15, unchanged from Oct 31. In ringgit terms, this is equivalent to RM429 billion, versus RM428.9 billion on Oct 31.

“The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt,” BNM said in a statement yesterday.

Foreign currency reserves comprised the biggest portion of reserves at US$95 billion, while IMF reserves position stood at US$800 million. Special drawing rights stood at US$1.2 billion, gold at US$1.5 billion and other reserve assets at US$3 billion.

Total assets as at Nov 15 stood at RM457.23 billion, according to BNM’s data, compared with RM454.67 billion as of Oct 31. Currency in circulation amounted to RM100.56 billion.

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