Business

Wednesday July 8, 2009

Bank Negara reserves up


KUALA LUMPUR: Bank Negara’s international reserves rose to RM322.9bil (equivalent to US$91.5bil) as at June 30 from RM318.4bil (US$87.1bil) at June 15.

The reserves level had taken into account the quarterly adjustment for the foreign exchange revaluation gain, following the strengthening of some of the major currencies against the ringgit during the quarter, said the central bank. – Bernama


For details from Bank Negara click here

The reserves position was sufficient to finance 8.5 months of retained imports and is 3.8 times the short-term external debt, it said in a statement yesterday. – Bernama

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