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BNM posts stronger reserves after lambasting 'unbalanced' assessment of its coffers

Mimi Sabreena 5:51:00 PM Informasi

KUALA LUMPUR (Sept 21): After lambasting a news report yesterday for its "unbalanced and simplistic" assessment of Malaysia's international reserves adequacy, Bank Negara Malaysia (BNM) updated today its international reserves has strengthened 0.3% to US$100.8 billion as at Sept 15, compared with US$100.5 billion half a month earlier.

"The reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times the short-term external debt," BNM said in a statement today.

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