KUALA LUMPUR: Bank Negara Malaysia’s international reserves totalled RM364.7bil (US$96.7bil) as end-July, which a decline of RM14.7bil or US$3.8bil from two weeks ago.
“The reserves position is sufficient to finance 7.6 months of retained imports and is 1.1 times the short-term external debt,” the central bank said here the other day.
The reserves had fallen from the RM379.4bil (US$100.5bil) as at July 15. The reserves position as at July 15 was sufficient to finance 7.9 months of retained imports and was 1.1 times the short-term external debt.
The ringgit has weakened by nearly 12% against the US dollar year-to-date.
