Bank Negara’s Reserves At RM414.5 Billion

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KUALA LUMPUR, Nov 21 – The international reserves of Bank Negara Malaysia (BNM) amounted to RM414.5 billion (equivalent to US$126.6 billion) as at November 14, 2014. “The reserves position is sufficient to finance 8.7 months of retained imports and is 1.1 times the short-term external debt,” BNM said in a statement today.

Foreign currency reserves, which amounted to US$115.8 billion, contributed to the bulk of the reserves, while International Monetary Fund reserves totalled US$1 billion, Special Drawing Rights (US$1.9 billion), gold (US$1.4 billion) and other reserves assets (US$6.5 billion). The reserves level as at November 14, 2014 took into account the quarterly adjustment for foreign exchange revaluation changes.

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