BNM's international reserves rise to US$103.9b as at July 31

Data from Bank Negara showed loan growth in June moderated to 4.2% year-on-year (yoy) from 4.5% yoy in May, with both the business and household sectors experiencing a slowdown.

KUALA LUMPUR: Bank Negara’s international reserves rose by US$600mil to US$103.9bil as at July 31,2019 from two weeks prior.

The central bank said yesterday the reserves position was sufficient to finance 7.6 months of retained imports and it was 1.2 times total short-term external debt.

At July 15, Bank Negara’s international reserves amounted to US$103.3bil.

The central bank said the main components of the international reserves comprised foreign currency reserves at US$97.7bil, International Monetary Fund reserves position (US$1.2bil), Special Drawing Rights (US$1.1bil), gold (US$1.8bil) and other reserve assets (US$2.1bil).
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