KUALA LUMPUR (Aug 24): Prime Minister Datuk Seri Najib Tun Razak said Bank Negara Malaysia's international reserves at US$100.4 billion reflected the central bank's good management.
"Well done on the good management towards a strong (international reserves) level in line with international standards," Najib said via Twitter today.
Last Tuesday, Bank Negara said its international reserves amounted to US$100.4 billion (RM431 billion) as at Aug 15 this year.
"The reserves position is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt," Bank Negara said in a statement.
Bank Negara's latest international reserves figure rose from US$99.4 billion as at July 31 this year.