Malaysia’s foreign reserves at $97.2b
retail trade rose by 0.4 percent from April to May this year in both the 19-country eurozone and the wider European Union, Eurostat, the EU’s statistical office, said. Compared with May 2015, the calendar adjusted retail sales index in May 2016 increased by 1.6 percent in the euro area and by 2.8 percent in the EU, according to Eurostat. Malaysia’s central bank, Bank Negara, said on Tuesday that its international reserves amounted to 390.4 billion ringgit ($97.2 billion) as of June 30. The international reserves were consisted of $89.3 billion in foreign currency reserves, $0.8 billion in InternationalMonetary Fund Reserves Position, $1.2 billion in Special Drawing Rights, $1.5 billion in gold and $4.4 billion in other reserve assets.
Gold and silver products designed to mark the 120th anniversary of the Olympic Games and the opening of the 2016 Rio games are well received in Beijing.