BNM international reserves up 0.4%

PETALING JAYA: Bank Negara ’s international reserves amounted to US$103 billion (RM420.8 billion) as at March 29, 0.4% higher than US$102.6 billion (RM419.15 billion) as at March 15.

The reserves position is sufficient to finance 7.5 months of retained imports and is 1.0 time total short-term external debt, said in a statement today.

The noted that the reserves level has taken into account the quarterly adjustment for foreign exchange revaluation changes.

Source: The Sun Daily

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