Saturday, October 8, 2011

Bank Negara foreign reserves fall US$6.1b to US$131b

KUALA LUMPUR: Bank Negara Malaysia international reserves fell US$6.1 billion to US$131 billion (RM417.2 billion) as at Sept 30 from USD137.1 billion as at Sept 15.

In a statement Friday, Oct 7, Bank Negara said the reserves level as at Sept 30, had taken into account the quarterly adjustment for foreign exchange revaluation gain, following the strengthening of some of the major currencies against the ringgit during the quarter.

The reserves position was sufficient to finance 9.7 months of retained imports and is 4.5 times the short-term external debt, it said.

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