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Bank Negara int'l reserves up 0.3% to US$99.4b as at July 31

Mimi Sabreena 3:19:00 PM Informasi

KUALA LUMPUR (Aug 7): The international reserves of Bank Negara Malaysia (BNM) grew 0.3% to US$99.4 billion (equivalent to RM427 billion) as at July 31 this year, from US$99.1 billion on July 14.

The reserves position is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt, the central bank said in a statement this afternoon.

Foreign currency reserves comprised the biggest portion of reserves at US$93 billion, up from US$92.4 billion on July 14.

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