Bank Negara’s reserves rise by US$400mil

MONDAY, MAY 7 KUALA LUMPUR- Release of Bank Negara's foreign reserves as at 30 April 2018 at 1500 (0700 GMT) KUALA LUMPUR- HSS Engineers Bhd post-Annual General Meeting (AGM) press conference, Pinnacle 1, Level M1, Connexion Conference & Event Centre @ The Vertical, No 8, Jalan Kerinchi, Bangsar South City, Kuala Lumpur at 1215 (0415 GMT)

PETALING JAYA: Bank Negara’s international reserves rose by US$400mil (RM1.675bil) to US$102.1bil on Nov 15 from US$101.7bil on Oct 31.

Bank Negara said in a statement that the reserves position was sufficient to finance 7.7 months of retained imports and was 1.0 times the short-term external debt.