KUALA LUMPUR: The international reserves of Bank Negara amounted to US$99.4 billion (equivalent to RM427.0 billion) as at July 31 this year, compared to US$99.1 billion on July 14.
The reserves position is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt, the central bank said in a statement today.
The largest portion of the international reserves is foreign currency reserves amounting to US$93 billion, compared to US$92.4 billion on July 14.
Bank Negara’s International Monetary Fund (IMF) reserves position remained at US$800 million while special drawing rights (SDRs) were at US$1.1 billion.
The gold reserves remained at US$1.5 billion of the international reserves, but other reserve assets decrease to US$3 billion from US$3.3 billion on July 14.
Meanwhile, the central bank’s total assets as at July 31 stood at RM453.85 billion and the currency in circulation amounted to RM100.76 billion.