ZCZC
BCN-22
MALAYSIA-FOREIGN-RESERVE
Malaysia’s foreign reserves fall to 104.7 bln USD
KUALA LUMPUR, July 7, 2018 (BSS/Xinhua) – Malaysian central bank, Bank
Negara, said Friday that its international reserves stood at 104.7 billion
U.S. dollars as of June 29.
The reserves were 3 percent lower when compared with 107.9 billion U.S.
dollars as of June 14.
The reserves level has taken into account of the quarterly adjustment for
foreign exchange revaluation changes following the strengthening of the U.S.
dollar against various foreign currency reserve assets held by the bank, said
the bank in a statement.
The reserves position is sufficient to finance 7.5 months of retained
imports and is 1.1 time the short-term external debt.
The international reserves consisted of 98.3 billion U.S. dollars in
foreign currency reserves, 900 million U.S. dollars in International Monetary
Fund reserves position, 1.2 billion U.S. dollars in special drawing rights,
1.5 billion U.S. dollars in gold and 2.8 billion U.S. dollars in other
reserves assets.
BSS/XINHUA/HR/1240