BNM international reserves slip 0.5% to US$102.3b as at May 31

PETALING JAYA: Bank Negara Malaysia’s (BNM) international reserves mounted to US102.3 billion (RM425.5 billion) as at May 31, 2019, 0.5% lower than the US$102.8 billion (RM427.5 billion) as at May 15, 2019.

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

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