Malaysia's international reserves exceed US$129bn

March 22, 2014 - 10:25:33 am

KUALA LUMPUR: Malaysia's international reserves stood at RM424.2 billion or equivalent to US$129.6 billion as of March 14, 2014, Malaysia's central bank announced. 

The Bank Negara Malaysia said in a statement that the reserves' position was sufficient to finance 8.9 months of retained imports and was 3.3 times the short-term external debt, state-run Bernama news agency reported.

"The main components of the international reserves are foreign currency reserves US$116.6 billion, International Monetary Fund reserves US$900 million, Special Drawing Rights (US$2 billion), gold (US$1.4 billion) and other reserve assets (US$8.7 billion)," it said. (QNA)