Wednesday, February 9, 2011

Bank Negara reserves higher at RM333.5b on Jan 31

KUALA LUMPUR: Bank Negara's international reserves rose to RM333.5 billion (US$108.1 billion) as at Jan 31, 2011.

'The reserves position is sufficient to finance 8.7 months of retained imports and is 4.1 times the short-term external debt,' the central bank said on Wednesday, Feb 9.

According to Bank Negara data, this was an increase of RM3.6 billion or US$1.02 billion since Jan 14 when the international reserves amounted to RM329.9 billion (US$106.9 billion).'' The reserves position then was sufficient to finance 8.8 months of retained imports and was 4.1 times the short-term external debt.


No comments:

Post a Comment