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Latest News
Malaysia's Foreign Reserves Soars To RM310.8b
 
News From : DagangHalal.com (8/10/2010)

KUALA LUMPUR: Bank Negara's international reserves amounted to RM310.8bil as at Sept 30.      

"The reserves level as at Sept 30, 2010 had taken into account the quarterly adjustment for foreign exchange revaluation loss, following the strengthening of the ringgit against most major currencies during the quarter.      

"The reserves position is sufficient to finance 8.5 months of retained imports and is 4.3 times the short-term external debt," the central bank said in a statement yesterday.

The gross international reserves comprised gold and foreign exchange and other reserves including special drawing rights (SDRs) of RM310.76bil.

Other assets included Malaysian government papers (RM2.38bil), deposits with financial institutions (RM31.36bil), loans and advances (RM11.80bil) and other assets (RM6.49bil).

- Bernama

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