Bank Negara foreign reserves at RM409bil as of end-2015

PETALING JAYA: Bank Negara recorded a slight increase in foreign reserves last year on translation gains following the drop in the ringgit’s value.

In a year which saw the ringgit weakened across the board, the central bank said reserves rose to RM409.1bil as of end-2015 compared with RM405.4bil in the previous year but fell in US dollar terms to US$95.3bil from US$115.9bil.