Malaysia Central Bank Foreign Reserves Up US$500m as at 15Nov10

Malaysia Central Bank ( Bank Negara ) foreign reserves up US$500m to US$105.8b


KUALA LUMPUR: Bank Negara Malaysia’s international reserves as at Nov 15 rose to US$105.8 billion (RM326.5 billion) from US$105.3 billion (RM324.9 billion) on Oct 29 during the period the FBM KUALA LUMPUR COMPOSITE INDEX closed at an all-time historic high of 1,529.01.

“The reserves position is sufficient to finance 8.8 months of retained imports and is 4.5 times the short-term external debt,” it said on Friday, Nov 19.

In ringgit terms, the international reserves rose RM1.6 billion during the two-week period.
The market capitalisation of Bursa Malaysia increased from RM1.204 trillion on Oct 29 to RM1.209 trillion on Nov 15.
During the period, the KLCI surged to a all time high in history to reach 1,531.99 on Nov 9 and market capitalisation increased to RM1.228 trillion.