The reserves were driven by gold revaluation and, to a lesser extent, higher foreign exchange holdings, said Kenanga Research.
PETALING JAYA: Bank Negara Malaysia’s international reserves climbed US$900mil or 0.8% month-on-month (m-o-m) to US$123.6bil as of Sept 30 – the highest level in nearly 11 years.
The reserves were driven by gold revaluation and, to a lesser extent, higher foreign exchange holdings, said Kenanga Research.
