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Categories
| Bank Negara foreign reserves at RM320.1b |
| Business & Market 2009 | |||
| Written by Joseph Chin | |||
| Wednesday, 22 April 2009 17:09 | |||
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KUALA LUMPUR: Bank Negara’s international reserves dipped to RM320.1 billion (or US$87.7 billion) as at April 15. The central bank said on April 22 the reserves position was sufficient to finance 8.1 months of retained imports and was four times the short-term external debt.There was a decline from March 31 where the international reserves amounted to RM320.7 billion (US$87.8 billion). The reserves level as at March 31 took 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.
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