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Bank Negara's foreign reserves up 1.2% to US$97.3b as at May 15, 2017

Mimi Sabreena 3:12:00 PM Informasi

KUALA LUMPUR (May 22): The international reserves of Bank Negara Malaysia rose 1.2% to US$97.3 billion (RM430.5 billion) as at May 15, 2017 from US$96.1 billion (RM425.2 billion) as at April 28, 2017.

In a statement today, the central bank said the reserves position is sufficient to finance 7.8 months of retained imports and is 1.1 times the short-term external debt.

Of the reserves, foreign currency made up the biggest portion at US$90.7 billion.

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