RM405B IN­TER­NA­TIONAL RE­SERVES AS AT SEPT 30

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Bank Ne­gara Malaysia’s (BNM) in­ter­na­tional re­serves amounted to RM405 bil­lion (US$97.7 bil­lion) as at Sept 30, 2016. The re­serves po­si­tion is suf­fi­cient to fi­nance 8.4 months of re­tained im­ports and is 1.2 times the short-term ex­ter­nal debt. “The in­crease in re­serves in ring­git terms was mainly due to the quar­terly ad­just­ment for for­eign ex­change reval­u­a­tion changes fol­low­ing the strength­en­ing of other cur­ren­cies against the ring­git dur­ing the third quar­ter,” BNM said. the fire-fight­ing ve­hi­cles is valid for three years from Sept 29, 2016, while the main­te­nance ser­vices job is for five years upon the ex­piry of the two-year war­ranty pe­riod of the fire­fight­ing ve­hi­cles.

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