BNM's international reserves at RM399b as at Nov 30
Published on: Thursday, December 08, 2016
Kuala Lumpur: The international reserves of Bank Negara Malaysia(BNM) amounted to RM399.643 billion (equivalent to US$96.4 billion) as at Nov 30, 2016 compared with RM407.839 billion (US$98.3 billion) recorded as at Nov 15, 2016.The lower international reserves position reflected the liquidity support in the foreign exchange market, BNM said in a statement Wednesday.The reserves position, as at Nov 30, 2016, was sufficient to finance 8.3 months of retained imports and was 1.2 times the short-term external debt.
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The main components of the international reserves were foreign currency reserves (US$89.l billon), International Monetary Fund Reserves (US$0.8 billion), Special Drawing Rights (SDRs) (US$1.1 billion), Gold (US$1.6 billion) and other Reserve Assets (US$3.8 billion).Stay up-to-date by following Daily Express’s Telegram channel.
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