International reserves drops US$100mil to US$104.5bil

Although the transaction was concluded at RM703.44 per sq ft (psf), a source said the special-purpose vehicle (SPV) created by the MoF to undertake the transaction had initially wanted

PETALING JAYA: Bank Negara’s international reserves dipped US$100mil to US$104.5bil as at July 31 from US$104.6bil two weeks earlier.

The central bank said the reserves position was sufficient to finance 7.5 months of retained imports and was 1.1 times the short-term external debt.