Malaysia's foreign reserves at 97.4 bln dollars

Malaysia's central bank, Bank Negara, announced Tuesday that its international reserves amounted to 383.2 billion ringgit (97.4 billion U.S. dollars) as at June 15.

The international reserves were consisted of 89.6 billion U.S. dollars in foreign currency reserves, 0.8 billion U.S. dollars in International Monetary Fund (IMF) Reserves Position, 1.1 billion U.S. dollars in Special Drawing Rights (SDRs), 1.5 billion U.S. dollars in gold and 4.4 billion U.S. dollars in other reserves assets, the central bank said in a statement.

According to the central bank, its reserves position is sufficient to finance 8.1 months of retained imports and is 1.2 times the short-term external debt. Endit