Bank Negara’s International Reserves Falls To US$97.2 Billion

Bank Negara’s International Reserves Falls To US$97.2 Billion

Bank Negara Malaysia (BNM) announced on Tuesday that its international reserves had declined to US$97.2 billion (RM390.4 billion) as of June 30, 2016 from US$97.4 billion (RM383.2 billion) on June 15, 2016.

In a statement, BNM said its reserves as of June 30, 2016, were sufficient to finance 8.1 months of retained imports and was 1.2 times the country’s short-term external debt.

According to BNM, “The decline in reserves level in USD terms as at June 30, 2016 was mainly due to the quarterly adjustment for foreign exchange revaluation changes.”

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Its international reserves stood at RM409.1billion at end-2015, and RM405.4bil at end-2014.

Image source: businesstimes.com.sg

[Source 1] [Source 2]

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