Tuesday, March 22, 2011

Bank Negara foreign reserves up US$600m to US$110.4b

KUALA LUMPUR: ''Bank Negara Malaysia's international reserves rose US$600 million to US$110.4 billion (RM340.6 billion) as at March 15, from US$109.8 billion as February 28 this year.

In a statement Tuesday, March 22, Bank Negara said the reserves position was sufficient to finance 8.9 months of retained imports and was 4.3 times the short-term external debt.

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