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Thursday, June 7, 2007

Bank Negara's Reserves Rise To RM339.5 Bln

KUALA LUMPUR, June 7 (Bernama) -- Bank Negara Malaysia's international reserves increased to RM339.5 billion (US$98.4 billion) as at May 31, 2007, from RM316.3 billion (US$91.6 billion) as at end of April.The current reserves position is sufficient to finance nine months of retained imports and is 10 times the short-term external debt, the central bank said in a statement today.
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