MALAYSIA’S CENTRAL BANK FOREIGN RESERVES AT 2 YEAR HIGH OF US$100 BLN
KUALA LUMPUR– Bank Negara Malaysia (BNM) or Central Bank saw its international reserves climb past the important US$100bil level, rising to US$100.40bil as at Aug 15.
The reserves are at the highest since mid-July 2015.
According to BNM’s statement Tuesday, the reserves were up US$1bil from the US$99.40bil as at July 31.
In ringgit terms, the reserves at Aug 15 were RM431bil — up RM4bil from RM427bil at July 31.
The reserves position is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt, it said.
Source: NAM NEWS NETWORK