Bank Negara's foreign reserves slightly lower at US$94b

Bank Negara's foreign reserves slightly lower at US$94b
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KUALA LUMPUR (Nov 6): The international reserves of Bank Negara Malaysia (BNM) were slightly lower at US$94 billion (RM417.9 billion) as at Oct 30, from US$94.1 billion (RM418 billion) as at Oct 15.

In a statement today, the central bank said the reserves are sufficient to finance 8.7 months of retained imports and are 1.2 times the short-term external debt.

BNM's foreign reserves fell by US$11.5 billion in the five months from June to October, slipping below the US$100 billion mark to US$96.7 billion in July.