Saturday 20 Apr 2024
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KUALA LUMPUR (Oct 7): Bank Negara Malaysia's (BNM) international reserves fell to US$93.3 billion (RM415.1 billion) as at Sept 30, 2015 from US$95.3 billion (RM360.1 billion) as at Sept 15, 2015.

In a statement today, BNM said the decline in reserves level in US dollar terms as at Sept 30, 2015 was mainly due to the quarterly adjustment for foreign exchange revaluation changes. Based on released numbers, the exchange rate of the ringgit against the US dollar was 4.45 for September compared with 3.78 previously.

The reserves position as at Sept 15, 2015 is sufficient to finance 8.6 months of retained imports and is 1.2 times the short-term external debt, said the central bank.

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