Bank Negara records higher foreign reserves at Jan 31

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's international reserves rose US$400mil to US$102.1bil as at Jan 31, 2019 compared with US$101.70bil on Jan 15.

Bank Negara said on Tuesday the reserves position of US$102.1bil was sufficient to finance 7.4 months of retained imports and was one time total short-term external debt. 

Jan 15's foreign reserves of US$101.70bil then was enough to finance 7.3 months of retained imports and was one time the short-term external debt.

During the 15-day period, the ringgit had strengthened against the US dolllar from 4.0975 on Jan 15 to 4.0890 on Jan 31.