Bank Negara foreign reserves dip in mid-May

The proposed policy, it said, set out the legal obligations, requirements and standards that digital currency exchangers, which will be defined under the First Schedule of the AMLA, must carry out as reporting institutions.

KUALA LUMPUR: Bank Negara’s international reserves totalled US$109.4bil as at May 15, a decline of US$100mil from the US$109.5bil at end-April as the greenback firms up against the ringgit.

The central bank said the reserves position was sufficient to finance 7.6 months of retained imports and was 1.1 times the short-term external debt.