Thursday, April 7, 2011

Bank Negara international reserves up US$3.4b as at March 31

KUALA LUMPUR: Bank Negara Malaysia's international reserves rose US$3.4 billion to US$113.8 billion (RM344.5 billion) as at March 31 this year, from US$110.4 billion as at March 15.

In a statement Thursday, April 7, Bank Negara said the reserves level as at March 31 March had taken into account the quarterly adjustment for foreign exchange revaluation.

'The reserves position is sufficient to finance 8.4 months of retained imports and is 4.3 times the short-term external debt,' it said.

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