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MALAYSIA’S INTERNATIONAL RESERVES AT US$108.5B AS OF MAY 31

KULA LUMPUR, Bank Negara Malaysia’s (BNM) international reserves amounted to US$108.5 billion as at May 31, 2018 compared with US$109.4 billion on May 15, 2018.

In a statement, BNM said the reserves position was sufficient to finance 7.6 months of retained imports and was 1.1 times the short-term external debt.

The main components of the international reserves were foreign currency reserves (US$102.1 billion), International Monetary Fund reserves position (US$0.8 billion), Special Drawing Rights (SDRs)(US$1.2 billion), gold (US$1.6 billion) and other reserve assets (US$2.8 billion).

BNM said the assets included gold and foreign exchange and other reserves, including SDRs (RM418.96 billion), Malaysian government papers (RM4.52 billion), deposits with financial institutions (RM3.95 billion), loans and advances (RM7.31 billion), land and buildings (RM4.18 billion) and other assets (RM9.61 billion).

Source: NAM News Network

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