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NewsHighlight Bank Negara foreign reserves up 0.2% to US$97.2b as at May 13, 2016
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Highlight Bank Negara foreign reserves up 0.2% to US$97.2b as at May 13, 2016
by Cals Mon 23 May 2016, 00:39
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[size=28]Bank Negara foreign reserves up 0.2% to US$97.2b as at May 13, 2016
By theedgemarkets.com / theedgemarkets.com | May 20, 2016 : 6:03 PM MYTKUALA LUMPUR (May 20): The international reserves of Bank Negara Malaysia (BNM) rose 0.2% to US$97.2 billion (RM382.3 billion) as at May 13, 2016, compared with US$97 billion (RM381.4 billion) as at April 29, 2016.
In a statement today, BNM said the reserves position is sufficient to finance 7.9 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.
The main components of the international reserves were foreign currency (US$89.2 billion); International Monetary Fund reserves position (US$800 million); Special Drawing Rights (US$1.1 billion); gold (US$1.5 billion) and other reserve assets (US$4.6 billion).
Its total assets was at RM409.04 billion.
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