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RETAIL BANKING | Tony Chua, Malaysia
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Malaysia central bank’s foreign reserves up $800mn

Figure enough to fund 9.6 months of retained imports and was 4.5 times the short-term external debt.

The international reserves of Bank Negara Malaysia rose US$800 million to US$135.4 billion (RM409.6 billion) as at July 29, 2011 from US$134.6 billion (RM407 billion) as at July 15, according to a report in The Edge Malaysia.

In a statement on Friday, Aug 5, the central bank said the reserves position was sufficient to finance 9.6 months of retained imports and was 4.5 times the short-term external debt.

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