BNM's international reserves slip 0.49% to US$102.3b as at end-May

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KUALA LUMPUR (June 11): Bank Negara Malaysia's (BNM) international reserves slipped RM500 million or 0.49% to US$102.3 billion as at May 31, from US$102.8 billion as at May 15.

The central bank said in a statement today that its reserves position is sufficient to finance 7.3 months of retained imports and is 1.1 time the total short-term external debt.

Foreign currency reserves fell to US$96.3 billion from US$96.6 billion, while International Monetary Fund reserves position and special depository rights were both unchanged at US$1.1 billion.

While gold remained at US$1.6 billion, other reserve assets slipped to US$2.2 billion from US$2.4 billion previously.

As at May 31, assets totalled dipped to RM444.73 billion from RM447.84 billion previously, while currency in circulation climbed to RM114.55 billion from RM109.66 billion.