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Malaysia's International Reserves Reach US126.6 Billion
(MENAFN- Qatar News Agency) Kuala Lumpur November 23 (QNA) - The international reserves of Bank Negara Malaysia (BNM) amounted to RM414.5 billion about (equivalent to US$126.6 billion) as at November 14 2014.
"The reserves position is sufficient to finance 8.7 months of retained imports and is 1.1 times the short-term external debt" BNM said in a statement.
Foreign currency reserves which amounted to US$115.8 billion contributed to the bulk of the reserves while International Monetary Fund reserves totalled US$1 billion Special Drawing Rights (US$1.9 billion) gold (US$1.4 billion) and other reserves assets (US$6.5 billion) according to Malaysia's (Bernama) News Agency.
The reserves level as at Nov 14 2014 took into account the quarterly adjustment for foreign exchange revaluation changes. (QNA)
"The reserves position is sufficient to finance 8.7 months of retained imports and is 1.1 times the short-term external debt" BNM said in a statement.
Foreign currency reserves which amounted to US$115.8 billion contributed to the bulk of the reserves while International Monetary Fund reserves totalled US$1 billion Special Drawing Rights (US$1.9 billion) gold (US$1.4 billion) and other reserves assets (US$6.5 billion) according to Malaysia's (Bernama) News Agency.
The reserves level as at Nov 14 2014 took into account the quarterly adjustment for foreign exchange revaluation changes. (QNA)
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