Bank Negara records higher foreign reserves at Jan 31


Bank Negara Malaysia's international reserves rose by US$600mil to US$103.3bil as at July 15, 2019 from two weeks prior.

KUALA LUMPUR: Bank Negara Malaysia's international reserves rose US$400mil to US$102.1bil as at Jan 31, 2019 compared with US$101.70bil on Jan 15.

Bank Negara said on Tuesday the reserves position of US$102.1bil was sufficient to finance 7.4 months of retained imports and was one time total short-term external debt. 

Jan 15's foreign reserves of US$101.70bil then was enough to finance 7.3 months of retained imports and was one time the short-term external debt.

During the 15-day period, the ringgit had strengthened against the US dolllar from 4.0975 on Jan 15 to 4.0890 on Jan 31.

 

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Others Also Read