Friday, August 5, 2011

Bank Negara foreign reserves up US$800m

KUALA LUMPUR: The international reserves of Bank Negara Malaysia rose US$800 million to US$135.4 billion (RM409.6 billion) as at July 29,'' 2011 from US$134.6 billion (RM407 billion) as at July 15.

In a statement Friday, Aug 5, the central bank said the reserves position was sufficient to finance 9.6 months of retained imports and was 4.5 times the short-term external debt.

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