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Saturday, September 5, 2015

Bank Negara foreign reserve down

BNM International Reserve
The Malaysia's BNM International Reserve has dropped again from US$96.5 billion in July 31st to US$94.7 billion as at end-August 2015, down 2% or US$2 billion month-on-month to its lowest since July 2010. 

The figure reflects a third straight decline on the BNM International Reserve but it was higher than it was in mid August 2015, when it was at just US$94.5 billion. It shows a US$200 million increase from the mid of August low.

The central bank has issued a statement, stating that the reserves are sufficient to finance 7.4 months of retained imports and is 1.0 times short-term external debt.

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