Bank Negara foreign reserves down third straight month to US$94.7b

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KUALA LUMPUR (Sept 4): Bank Negara Malaysia's (BNM) international reserves amounted to US$94.7 billion (RM357.7 billion) as at end-August 2015, down 2% or US$2 billion month-on-month to its lowest since July 2010. 
 
While the figure reflects a third straight month of decline totaling US$11.7 billion, the end-August reserves position is US$200 million higher than the US$94.5 billion (RM356.4 billion) as at mid-August.
 
The reserves are sufficient to finance 7.4 months of retained imports and is 1.0 times short-term external debt, the central bank said in a statement today.