Bank Negara records higher foreign reserves as at March 15

Bank Negara Malaysia's international reserves rose by US$600mil to US$103.3bil as at July 15, 2019 from two weeks prior.

KUALA LUMPUR: Bank Negara Malaysia recorded a US$200mil increase in its international reserves at  US$103.9bil as at March 15 from a fortnight ago.

“The reserves position is sufficient to finance 7.3 months of retained imports and is 1.1 times the short-term external debt,” it said.

This was an increase of US$200mil from the US$103.7bil as at Feb 28. The reserves position then was sufficient to finance 7.2 months of retained imports.