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KUALA LUMPUR: Bank Negara Malaysia (BNM) reported an increase in the country's international reserves at US$95.4bil as at March 31, 2017.
According to the central bank on Friday, the foreign reserves rose US$500mil from US$94.9bil on March 15.
“The reserves level has taken into account the adjustment for foreign exchnage revaluation charges,” it said.
However, in ringgit terms, there was a slight decline of RM3.3bil to RM422.2bil at March 31 from RM425.5bil on March 15.
“The reserves position is sufficient to finance 8.3 months of retained imports and is 1.1 times the short-term external debt,” said BNM.
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