Bank Negara’s international reserves at US$111.4 billion

Bank Negara Malaysia’s international reserves amounted to US$111.4 billion as of May 13, 2022, compared to US$112.5 billion a fortnight earlier.

The reserves position is sufficient to finance 5.6 months of imports of goods and services, and is 1.1 times the total short-term external debt, the central bank said in a statement today.

The main components of the international reserves are foreign currency reserves (US$111.4 billion as at May 13), as well as the International Monetary Fund reserve position (US$1.4 billion), special drawing rights (US$6.0 billion), gold (US$2.4 billion), and other reserve assets (US$3.2 billion).