Bank Negara reserves decline to RM356b

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves fell RM8.3bil to RM356.4bil (US$94.5bil) over the past two weeks until Aug 14.

BNM said on Thursday the international reserves as at Aug 14 was sufficient to finance 7.5 months of retained imports and it was 1.0 time the short-term external debt.

The reserves had declined by RM8.3bil from the RM364.7bil (US$96.7bil) as at July 31, 2015. 

The reserves position then was sufficient to finance 7.6 months of retained imports and was 1.1 times the short-term external debt.