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NewsBank Negara foreign reserves up US$1.1b
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Bank Negara foreign reserves up US$1.1b
by hlk Thu 07 Jul 2011, 18:58
KUALA LUMPUR: Bank Negara Malaysia’s international reserves rose US$1.1 billion to US$134.3 billion (RM406.3 million) as at June 30, 2011 from US$133.2 billion (RM402.6 billion) as at June 15 this year.
In a statement Thursday, July 7, the central bank said the increase was after taking into account the quarterly foreign exchange revaluation gain, following the strengthening of some major currencies against the ringgit during the quarter.
The reserves position is sufficient to finance 9.6 months of retained imports and is 4.5 times the short-term external debt, it said.
In a statement Thursday, July 7, the central bank said the increase was after taking into account the quarterly foreign exchange revaluation gain, following the strengthening of some major currencies against the ringgit during the quarter.
The reserves position is sufficient to finance 9.6 months of retained imports and is 4.5 times the short-term external debt, it said.
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