Friday 26 Apr 2024
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KUALA LUMPUR (March 5): Bank Negara Malaysia's (BNM) international reserves slipped 0.6% to US$109 billion as at Feb 26, 2021, from US$109.7 billion as at Feb 15, 2021.

In a statement today, the central bank said the reserves position is sufficient to finance 8.6 months of retained imports and is 1.2 times the total short-term external debt.

Foreign currency reserves rose to US$100.6 billion from US$99.7 billion two weeks ago, while International Monetary Fund reserves rose to US$1.5 billion from US$1.4 billion.

Meanwhile, Special Drawing Rights and gold were maintained at US$1.2 billion and US$2.4 billion respectively.

However, other reserve assets fell to US$3.3 billion from US$5 billion.

The central bank's total assets fell 0.72% to RM491.19 billion as at Feb 26, 2021, from RM494.73 billion as at Feb 15, 2021.

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