Bank Negara foreign reserves continue to rise

KUALA LUMPUR: Bank Negara Malaysia's (BNM) international reserves continued to increase and the latest was US$100.5bil as at Aug 30, 2017 – which was the highest since July 2015.

BNM said on Wednesday the reserves had increased by US$100mil from the US$100.40bil on Aug 15.

“The reserves position is sufficient to finance 7.8 months of retained imports and is 1.1 times the short-term external debt,” it said.

In ringgit terms, the reserves had increased by RM700mil to RM431.70bil at Aug 30 from  RM431.0bil two week earlier.