KUALA LUMPUR: Bank Negara Malaysia’s (BNM) foreign reserves, which have been on the uptrend, have touched the US$100.4 billion mark (equivalent to RM431.0 billion).
BNM said the US$1 billion increase, as at August 15 (from July 31), is sufficient to finance 7.9 months of retained imports and is 1.1 times the short-term external debt.
Last week, central bank governor Datuk Muhammad Ibrahim said the reserves were only about a quarter of total external assets, with the remaining external assets held by banks and corporations.