Friday, August 6, 2010

Bank Negara international reserves at US$95b

KUALA LUMPUR: Bank Negara Malaysia's international reserves as at July 30 declined in ringgit terms to RM301.6 billion from RM309.9 billion on July 15.

However, in terms of US dollars, the reserves rose to US$95 billion from US$94.8 billion.

In a statement on Friday, Aug 6, the central bank said the reserves position was sufficient to finance 7.9 months of retained imports and is 4.4 times the short-term external debt.

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