KUALA LUMPUR (APRIL 6): Bank Negara Malaysia international reserves rose US$900 million to US$135.7 billion as at March 30, from US$134.8 billion as of Feb 29.
In a statement Friday, the central bank said this reserves level had taken into account the quarterly adjustment for foreign exchange revaluation loss, following the strengthening of ringgit against major and regional currencies during the quarter.
It said the reserves position was sufficient to finance 9.4 months of retained imports and is 4 times the short-term external debt.
In a statement Friday, the central bank said this reserves level had taken into account the quarterly adjustment for foreign exchange revaluation loss, following the strengthening of ringgit against major and regional currencies during the quarter.
It said the reserves position was sufficient to finance 9.4 months of retained imports and is 4 times the short-term external debt.
