BNM international reserves fall by 3% to US $ 104.7 billion as of June 29

PETALING JAYA: Negara Malaysia Bank's (BNM) international reserves amounted to US $ 104.7 billion (RM423.5 billion) as of June 29, 2018, or 3% less than US $ 107.9 billion as at June 14, 2018.

The central bank said in a statement that the level of reserves took into account the quarterly adjustment of exchange rate revaluation variations following the 39 appreciation of the US dollar against various foreign reserve assets held by the BNM. is enough to finance 7.5 months of preserved imports and 1.1 times the external debt in the short term.