International reserves down 1.9% on Bank Negara market intervention

PETALING JAYA: The international reserves of Bank Negara Malaysia was down 1.9% to RM399.6 billion (equivalent to US$96.4 billion) as at Nov 30, 2016, Bank Negara Malaysia said, reflecting its liquidity support in the foreign exchange market.
Reserves stood at RM407.8 billion (equivalent to US$98.3 billion) two weeks prior at Nov 15, 2016.
The reserves position as at Nov 30, 2016 is sufficient to finance 8.3 months of retained imports and is 1.2 times the short-term external debt, which includes short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system and other short-term debt.