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Bank Negara records higher foreign reserves at 31 March

Friday, 7 April 2017

KUALA LUMPUR: Bank Negara Malaysia (BNM) reported an increase in the country’s international reserves at US$95.4 billion as at 31 March 2017.

According to the central bank on Friday, the foreign reserves rose US$500mil from US$94.9 billion on 15 March. However, in ringgit terms, there was a slight decline of RM3.3 billion to RM422.2 billion at 31 March from RM425.5 billion on 15 March.

“The reserves position is sufficient to finance 8.3 months of retained imports and is 1.1 times the short-term external debt,” said BNM.

Source by: Internet

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