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Malaysia's foreign reserves at $95 billion

Staff Writer |
Malaysia's central bank, Bank Negara, said that its international reserves amounted to 426.3 billion ringgit ($95 billion) as of February 28.

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The international reserves were consisted of $87.9 billion in foreign currency reserves, $0.8 billion in International Monetary Fund (IMF) Reserves Position, $1.1 billion in Special Drawing Rights (SDRs), $1.4 billion in gold and $3.8 billion in other reserves assets.

Its reserves position is sufficient to finance 8.5 months of retained imports and is 1.1times the short-term external debt.