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Malaysia's foreign reserves up marginally to 98.7 bln USD

KUALA LUMPUR
2017-06-22 19:05

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Malaysia's central bank, Bank Negara, said Thursday that its international reserves amounted to 436.1 billion ringgit (98.7 billion U.S. dollars) as of June 15.

The number was 0.71 percent higher when compared with the amount of 98 billion U.S. dollars, which was recorded as of May 31.

The international reserves were consisted of 92.3 billion U.S. dollars in foreign currency reserves, 800 million U.S. dollars in International Monetary Fund Reserves Position, 1.1 billion U.S. dollars in Special Drawing Rights (SDRs), 1.5 billion U.S. dollars in gold and three billion U.S. dollars in other reserves assets.

The reserve position is sufficient to finance 8.2 months of retained imports and is 1.1 times the short-term external debt.

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