Malaysia’s central bank, Bank Negara, announced on January 8 that its international reserves amounted to 405.5 billion RM (116 billion USD) by the end of 2014.
The bulk of total reserves was contributed by foreign currency reserves (106.7 billion USD), deposits at the International Monetary Fund (0.9 billion USD), Special Drawing Rights (1.9 billion USD), gold (1.4 billion USD), and other reserves assets (6.5 billion USD).
The amount is 1.1 times higher than the country’s short-term external debt and is sufficient to finance 8.4 months of retained import.
It is expected that the reserves of Malaysia is still abundant in 2015 thanks to promising investment and trade.-VNA
The bulk of total reserves was contributed by foreign currency reserves (106.7 billion USD), deposits at the International Monetary Fund (0.9 billion USD), Special Drawing Rights (1.9 billion USD), gold (1.4 billion USD), and other reserves assets (6.5 billion USD).
The amount is 1.1 times higher than the country’s short-term external debt and is sufficient to finance 8.4 months of retained import.
It is expected that the reserves of Malaysia is still abundant in 2015 thanks to promising investment and trade.-VNA
