Bank Negara's international reserves dips further to US$94.5b


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KUALA LUMPUR (Aug 21): The international reserves of Bank Negara Malaysia (BNM) fell further to RM356.4 billion (US$94.5 billion) as at Aug 14, 2015 from RM364.7 billion (US$96.7 billion) as at July 31, 2015.

The central bank's foreign exchange reserves dropped below US$100 billion last month for the first time since 2010.

The reserves position is sufficient to finance 7.5 months of retained imports and is 1.0 time the short-term external debt.