BNM international reserves decline 3% to US$104.7b as at June 29

July 6, 2018 | By | Reply More

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PETALING JAYA: Bank Negara Malaysia’s (BNM) international reserves amounted to US$104.7 billion (RM423.5 billion) as at June 29, 2018, 3% lower than the US$107.9 billion as at June 14, 2018.

The central bank said in a statement that the reserves level has taken into account the quarterly adjustment for foreign exchange revaluation changes following the strengthening of the US dollar against various foreign currency reserve assets held by BNM.

The latest reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt.

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