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Wednesday, December 7, 2016

Bank Negara reserves fall to RM427.149 billion as of Nov 30

Malaysia's central bank announced today that gross international reserves stood at RM427.149 billion (US$96.4 billion) as of Nov 30, down from RM435.567 billion (US$98.3 billion) on Nov 15.

Bank Negara Malaysia said the lower international reserves position reflected the liquidity support in the foreign exchange market.

It said the reserves were sufficient to finance 8.3 months of retained imports and were 1.2 times the short-term external debt.

The latest reserves total is the lowest since mid-March this year.

- Reuters

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