Malaysia's International Reserves Reach US126.6 Billion

12/1/2014 6:31:56 AM

(MENAFN- Qatar News Agency) Kuala Lumpur November 23 (QNA) - The international reserves of Bank Negara Malaysia (BNM) amounted to RM414.5 billion about (equivalent to US$126.6 billion) as at November 14 2014.

"The reserves position is sufficient to finance 8.7 months of retained imports and is 1.1 times the short-term external debt" BNM said in a statement.

Foreign currency reserves which amounted to US$115.8 billion contributed to the bulk of the reserves while International Monetary Fund reserves totalled US$1 billion Special Drawing Rights (US$1.9 billion) gold (US$1.4 billion) and other reserves assets (US$6.5 billion) according to Malaysia's (Bernama) News Agency.

The reserves level as at Nov 14 2014 took into account the quarterly adjustment for foreign exchange revaluation changes. (QNA)

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